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  What does Mahindra & Mahindra’s domestic tractor sales report in 2023 say ?

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.


 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 releases 2023 December sales report, total sales decline by 18.6%

Escorts Kubota releases 2023 December sales report, total sales decline by 18.6%

Escorts Kubota Tractors has released its sales figures for December 2023. According to the data, Escorts Kubota has sold less tractors in December 2023 as compared to December 2022 in domestic and export sales. The company has seen a decline of 17.0% in domestic sales, 31.8% decline in export sales and 18.6% decline in total sales.

 

Domestic sales of Escorts Kubota

According to the sales report released by Escorts Kubota, the company has faced a huge decline of 17.0% in domestic sales of tractors for December 2023. Escorts Kubota sold 4,979 tractors in India in December 2022. At the same time, the total domestic sales of tractors in December 2023 was 4,131 units.


Also read: Equity structure of Kubota Corp increased to 44.8%. Escorts limited is now Escorts Kubota limited


What are the export sales of Escorts Kubota tractor?

According to data released by the company, Escorts Kubota tractors have faced a decline of 31.8% in export sales. The company has sold a total of 405 tractors outside India in December 2023. But, export sales of 594 units were made in December 2022. Which is more than 2023. 


Total Domestic + Export Sales of Escorts Kubota Tractors

If we take a look at the total sales of Escorts Kubota tractors in December 2023, the company has registered a decline of 18.6% in domestic + export sales in the month of December. The company has sold a total of 4,536 tractors in December 2023. But, 5,573 Escorts Kubota tractors were sold in December 2022. Which is more than 2023.