Bangalore, March 1, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector
(FES), part of the Mahindra Group, today announced its tractor sales numbers for
February 2023.
Domestic sales in February 2023 were at 24,619 units, as against 18,910 units during
February 2022.
Total tractor sales (Domestic + Exports) during February 2023 were at 25,791 units, as
against 20,437 units for the same period last year. Exports for the month stood at
1,172 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment
Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,619 tractors in the
domestic market during February 2023, a growth of 30% over last year. Record Rabi
crop acreage for wheat and oilseeds, high crop prices and better terms of trade for
farmers is leading to positive sentiments in the rural markets. Expected higher Rabi
output will improve liquidity in the hands of the farmers, supporting tractor demand.
Water reservoir levels continue to remain high. In the exports market, we have sold
1172 tractors.”
