What does Mahindra & Mahindra’s domestic tractor sales report in 2023 say ?
Mahindra & Mahindra LTD has made public the sale of tractors in December 2023. According to data released by the company, Mahindra & Mahindra faced a loss of 17% percent in domestic sales and 31% percent in export sales in December 2023. Indian market leading tractor manufacturer company Mahindra & Mahindra has made public the sale of tractors in December 2023. According to data released by the company, Mahindra & Mahindra faced a 17% decline in domestic sales and 31% in export sales in December 2023.
17% percent declines in domestic sales
According to data made public by M&M LTD, Mahindra & Mahindra has faced a huge decline of 17% percent in December 2023 domestic sales. The company sold 18,028 tractors in India in December 2023. At the same time, domestic sale of 21,640 Mahindra tractors was done in December 2022.
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31% percent decline in export sales
Mahindra & Mahindra has seen a decline of 31% percent in export sales of tractors in December 2023. The company has sold 1,110 tractors in December 2023. At the same time, 1,603 tractors were sold outside India in the same month last year.
Economic domestic and export sales
According to the sales report released by the company, Mahindra & Mahindra has seen a 18 percent decline in the total tractors sales in December. The company has sold 19,138 tractors in the month of December 2023. However, 23,243 units were sold in December 2022.
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Expectation of increase in demand for tractors
Hemant Sikka, president of the Farm Equipment Sector of Mahindra and Mahindra Limited, has said that in December 2023, Mahindra sold 18,028 tractors in the domestic market. It is a simple matter to reduce excavation activities due to the decline of agricultural works in December. He said that we are likely to increase the demand for tractors. Because, there is an increase in horticulture yield and government support for the agriculture sector. He said, Mahindra & Mahindra has sold 1,110 tractors in the export market.
