Mahindra clocked highest ever annual sale

Mahindra’s Farm Equipment Sector sold 33,622 new tractors in India during March 2023. Against the March 2022 sales with 28,112 units, this comes down to an increase of 20 percent. Sales for the full year to date including exports, ended up at 407,545 units or a 15 percent increase. The company never realized this result before.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 33,622 tractors in the domestic market during March 2023, a growth of 20% over last year. Increase in crop output, mandi prices staying firm, Government support for increase in MSP for major crops and increase in wages under MGNREGA scheme will help improve the financial security of rural households and boost tractor demand in the coming months. In the exports market, we have sold 1,392 tractors.”