Mahindra & Mahindra's Farm Equipment Sector (FES) has announced its tractor sales numbers for July 2021. The segment recorded domestic sales of 25769 units in July this year, as against 24463 units during July 2020.
While exports for the month stood at 1460 units.
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 25769 tractors in the domestic market during July 2021 with a growth of 5% over last year. Demand remained buoyant in July as crop sowing operations gained traction with monsoon picking up pace across all the regions. Easing of COVID curbs & robust farm incomes on account of record Rabi crop procurement has bode well for the rural economy."
Sikka added, "We continue to stay bullish on tractor demand in the coming months owing to revival of monsoon, hike in MSP of key Kharif crops & upcoming festival season. In the exports market, we have sold 1460 tractors with a growth of 55%."
Overall sales including both domestic and exports in July 2021 were 27229 units, as against 25402 units for the same period last year.