Mahindra’s farm equipment sector total sales dip 7 per cent to 39,053 units in September 2021

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

Domestic sales in September 2021 were at 39,053 units, as against 42,361 units during September 2020. It recorded a decline of 8 per cent.

Total tractor sales, including domestic and exports, during September 2021 were at 40,331 units, a dip of 7 per cent,  against 43,386 units for the same period last year.

Exports for the month stood at 1,278 units in September, against 1,025 units same month last year. It posted a growth of 25 per cent in September 2021.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 39053 tractors in the domestic market during September 2021. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by end of September and monsoon achieving normal levels."

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He also added: "This is back-to-back normal or above normal monsoon for the third year. Reservoir levels have improved and excess rainfall in September will lead to high moisture content in the soil, leading to strong Rabi sowing. With initial crop production estimates indicating highest ever Kharif Crop, coupled with the upcoming festive season, we are optimistic of a strong demand in the coming months. In the exports market, we have sold 1278 tractors with a growth of 25% over last year.”