Mahindra tractor sales down 43 percent in February

Exports in February were up 56 percent.

Autocar Pro News Desk By Autocar Pro News Desk calendar 01 Mar 2022 Views icon28754 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

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.”

Pre-owned luxury car market picks up pace, Haryana’s Luxury Ride to expand into metro cities

auther Autocar Pro News Desk calendar28 Mar 2023

Karnal-based used luxury car start-up Luxury Ride to open dealerships in Mumbai and Bengaluru, aims to double its sales ...

Revolt Motors expands retail network to 50, targets 150 by June 2023

auther Autocar Pro News Desk calendar27 Mar 2023

Electric motorcycle OEM looks to speedily increase its reach across India; opens new showrooms in Raipur, Vapi, Bahadurg...

Saietta eyes e-drive exports from India to ASEAN, European markets

auther Autocar Pro News Desk calendar26 Mar 2023

UK-based e-drive system supplier, which is bullish on huge potential for its localised products in India, aims to also t...