Mahindra’s Farm Equipment sector sells 24,341 units during May 2020

Date: 01 Jun 2020

Mahindra & Mahindra domestic sales of tractors in May 2020 were at 24,017 units, as against 23,539 units during May 2019. Total tractor sales (Domestic + Exports) during May 2020 were at 24,341 units, as against 24,704 units for the same period last year. Exports for the month stood at 324 units.

Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,017 tractors in the domestic market during May 2020, representing a growth of 2% over last year. The timely relaxation of the lockdown for the agricultural sector helped ensure the speedy recovery of tractor demand during May. In the near term, farmer sentiment is likely to remain positive due to several developments including robust Rabi crop production, higher procurement, good price realisations and the forecast of a normal monsoon that bodes well for a good Kharif crop. All these augur well for tractor demand going forward. In the exports market, we have sold 324 tractors”.

Farm Equipment Sector (FD+SD+Gromax)

May

Cumulative May

 

F20

F21

%Change

F20

F21

%Change

 

 

 

 

 

 

 

Domestic

23539

24017

2%

51034

28733

-44%

 

 

 

 

 

 

 

Exports

1165

324

-72%

2222

380

-83%

 

 

 

 

 

 

 

Total

24704

24341

-1%

53256

29113

-45%

*Exports include CKD

FOLLOW US ON



comments (0)
leave a comment
 




Contact Us

For Marketing & Sales, Contact:
Jisha P.
jisha.motown@gmail.com
sales@motownindia.com
advertising.motown@gmail.com
Ph: 9958125645

Delhi office:
Motown India
145 B/9, First Floor, Kishangarh,
Next to United Church of India
Vasant Kunj, New Delhi 110070 

© 2020 MotownIndia - ALL RIGHTS RESERVED
POWERED BY - VIDYA SOFTWARES