Posted by Suraj On 03-Sep-2022 01:32 PM
Mahindra & Mahindra is India's number one tractor brand in terms of selling most units of tractors in the domestic and international markets. This company sold out around 21,500 tractor units in August 2022. Compared to August 2021 the company generated 1% more sales. Last year the company had overall sales of 21,360 tractors during August month.
Let's see more details about the tractor sales report of Mahindra. We will also discuss exports to know their net sales in domestic and international markets.
The August sales for M&M were not so great, as it gained 1% more sales than last year. In August 2022, this company sold 20,138 tractors in the domestic market. At the same time, the company generated 19,997 unit sales in August 2021. However, this M&M still managed to get slight growth.
If we talk about its export, you will find it got only a 1% increase in its export sales. In August 2022, the company made 1382 unit sales, whereas it had 1363 unit export sales last year.
If we collect January to August tractor sales reports for M&M, we will find that the company made 10% more sales in these months than last year. Based On Mahindra's last year's sales report, the company sold 1,48,518 units from January 2021 to August 2021. However, this year Mahindra witnessed a total sales of 1,63,336 units.
Its export report also shows an 18% increase in sales. The company exported around 8,121 tractors this year, whereas this number was 6,904 tractors last year.
Hemant Sikka, head of M&M Farm Equipment, said the company witnessed a 1% increase in sales. It is because, during rice farming, there was an uneven monsoon in various states. That affected the rice crop and resulted in little increase in tractor sales. However, the company hopes that the sales stats will increase during the festival season and attract farmers.
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