sales report

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.

 Also read: Mahindra Yuvo 575 DI tractor will be easy to do every farming work with amazing features.

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. 

Also read: Division Swaraj tractor of M & M Ltd launched Swaraj 8200 Smart Harvester for farmers

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.

Escorts Kubota tractor issued its sales report and a significant increase of 3.7% has been observed. Company registered a total sales of 8,258 tractors in 2023, and sold 7,960 tractors in November 2022. 

For your kind information, let us tell you that Escorts Kubota tractor issued its sales report and a significant increase of 3.7% has been observed. Company registered a total sales of 8,258 tractors in 2023, and sold 7,960 tractors in November 2022. 

Sales of Escort Kubota tractors in November 2023 have been registered 7,855 instead of 7,359 as in November 2022. It registered an increase of 6.7% in sales of domestic tractors.

In November 2023, 403 Escorts Kubota export tractors were sold instead of 601 as in November 2022. Company registered a fall of 32.9% in the export market. 

Escorts Kubota tractor sales report November 2023- export and domestic data

Account of November 2023- November 2022 %growth

Domestic       7,855   -  7,359   -  6.7%

Export               403   -  601      - 32.9%

Total               8,258   -  7,960    - 3.7%

There has been observed a fall of 4.0% year to year in sales of Escorts Kubota. 70,069 tractors were sold in 2023 as compared to 72,952 tractors in 2022. Sales of Escorts Kubota domestic tractors was 66,196 units in 2023, which was 67,206 units in 2022.  As a result of which a decline of 1.5% was observed. In year after year export of Escorts Kubota tractors, 3,873 tractors were sold during 2023, whereas a decline of 32.6% has been noticed as compared to 5,746 tractors.

VST tillers and tractor issued sales report of November 2023. Brand noticed the sales of 295 tractors in sales of domestic tractors in November 2023. Whereas, 547 tractors were sold in November 2022. In this way, VST tractor sales figures show a decline of 46.07% in their sales. Apart from this, VST sold 1801 units of power tillers in November 2023. Whereas, 2045 units were sold in November 2022. It shows a decline of 11.93%.

VST tiller tractor sales figures 2023- A Summary 

Report

November 2023-November 2022-%change

Power tiller   1801-2045-11.93%

Tractor          295- 547-46.07%

Total Power tiller and tractor sales

(In figures)     2096- 2592- 19.13%

VST tiller and tractors show their year-after-year tiller and tractors sales report of November 2023. VST observed an incline of 6.92% in sales of power tiller because of sales of 22875 units year-after-year in November 2023. Whereas 21393 power tillers were sold in November 2022. In year-after-year sales in November 2023, VST registered a decline of 20.2% in sales of 3508 tractors as compared to 4396 tractors sold in November 2022.