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Mumbai, January 1, 2022: The Farm Equipment Sector (FES) of Mahindra & Mahindra Ltd., which is part of the Mahindra Group, today announced its tractor “sales numbers” for December 2021.
In December 2021, domestic sales stood at 16687 units, whereas 21173 units during December 2020. During December 2021, total tractor sales (Domestic + Exports) was 18269 units compared to 22417 units in the same period last year.
President Hemant Sikka of Mahindra & Mahindra Ltd said, during December 2021, "we have sold 16687 tractors in the domestic market". Degrowth in December is due to a combination of factors, including the High base of last year and delayed and very heavy rainfall in some geographies. We expect the good progress of Kharif procurement in the coming months to bring liquidity in the hands of farmers and increase Rabi acreage as compared to last year. As a result, there are signs of growth. We have sold 1582 tractors in the export market, which is 27% higher than last year.
About Mahindra & Mahindra Ltd
Established in 1945, Mahindra Group is one of the most admired multinational companies with 260,000 employees in over 100 countries. It enjoys a leading position in India's agricultural equipment, information technology, utility vehicles, and financial services. By volume, it is the world's largest tractor company. In addition, it has a strong presence in renewable agriculture, hospitality, energy, logistics, and real estate.
Mahindra Group clearly focused on leading ESGs globally, enabling rural prosperity and enhancing urban living. And also focused on Enabling them to uplift and bring about a positive change in the lives of communities and stakeholders.
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