Mahindra’s Farm Equipment Sector sells 45,420 units in India during October 2021

Mahindra’s Farm Equipment Sector October 2021 sales: Mahindra’s Farm Equipment Sector October 2021 sales: Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for October 2021.

The domestic sales in October 2021 were at 45,420 units, as against 45,588 units during October 2020.

Total tractor sales, including domestic and exports, during October 2021 were at 47,017 units, as against 46,558 units for the same period last year, which is an increase of 1 per cent.

The domestic sales during October 2021 were at 45,420 units, against 45,588 units for the same period last year, a decline of 0.4%. Exports, including CKD, during October 2021 were at 1,597 units, against 970 units for the same period last year. a surge of 65%.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 45,420 tractors in the domestic market during October 2021 over last year. With rapid Covid vaccination drive exceeding 100 crore doses in the country, the economy has started gaining momentum, while rural economic activity continues to be resilient."

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He further added: "The monsoon, though normal at cumulative level, has been back ended with heavy rainfall in September and October. This has resulted in delayed harvesting of Kharif crop, while leading to higher reservoir levels and moisture content for Rabi crop. Expectation of a good Kharif harvest, coupled with good preparations for Rabi crop and the upcoming festivities, will boost positive sentiments and drive demand in the coming months. In the exports market, we have sold 1,597 tractors with a growth of 65% over last year.”