Mahindra tractor sales down 43 percent in February

Mahindra & Mahindra’s Farm Equipment Sector (FES) said the company’s domestic sales in February 2022 were at 18,910 units, as against 27,170 units during February 2021.

Total tractor sales (Domestic + Exports) during February 2022 were at 20,437 units, as against 28,146 units for the same period last year. Exports for February 2022 stood at 1,527 units, a growth of 56 percent over the previous year.

Hemant Sikka, president - Farm Equipment Sector, Mahindra & Mahindra said, “Agri-indicators continue to be promising with the Rabi season sowing at an all-time high and higher liquidity with farmers on account of timely and record procurement of Kharif crops. With record expansion in sown area for third consecutive Rabi season, we are optimistic for an all-time high crop production level. Additionally, governments focus on increasing cropping intensity of summer crops will bring in additional income in the hands of the farmers.”