M&M’s farm sector has a record September

Mahindra & Mahindra’s Farm Equipment Sector sold 47100 units in September as against 39053 units during September 2021, an increase of 20 percent, the company said in a press release. Its total tractor sales including domestic and exports during September 2022 were at 48,713 units, as against 40,331 units for the same period last year. Exports for the month stood at 1613 units. 

Hemant Sikka, President - Farm Equipment Sector, M&M said, “Our sales in September 2022 is the highest ever in a month. Demand remained strong during the month owing to festive boost, which we expect to continue in October as well. With the kharif crop harvest starting soon and crop prices holding firm, sentiments are  positive. Above normal monsoon has improved the reservoir levels, leading to high moisture content in the soil, which is very positive for higher food grain production in the upcoming Rabi season.”