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Mahindra’s Farm Equipment sector sells 33,113 units in India during May 2023


Home Newsroom Press Release Mahindra’s Farm Equipment sector sells 33,113 units in India during May 2023
Author : mahindraadmin   Category : Farm   Published : 6/1/2023

Exports for the month stood at 1,013 units

Mumbai, June 01, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for May 2023.

Domestic sales in May 2023 were at 33,113 units, as against 34,153 units during May 2022.

Total tractor sales (Domestic + Exports) during May 2023 were at 34,126 units, as against 35,722 units for the same period last year. Exports for the month stood at 1,013 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 33,113 tractors in the domestic market during May ’23. Record high Rabi crop output, good reservoir levels, improved terms of trade for farmers and IMD's prediction of a normal southwest monsoon, augurs well for the upcoming Kharif season. In the exports market, we have sold 1,013 tractors.”

Farm Equipment Sector summary
May YTD May
F24 F23 % Change F24 F23 % Change
Domestic 33113 34153 -3% 68511 73558 -7%
Exports 1013 1569 -35% 2020 3103 -35%
Total 34126 35722 -4% 70531 76661 -8%

*Exports include CKD

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

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Media contact information
Nayana Borthakur
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email – [email protected]

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