Mumbai– WEBWIRE — Friday, March 1, 2024
Mahindra & & Mahindra Ltd. s Farm Equipment Sector (FES), part of the Mahindra Group, today revealed its tractor sales numbers for February 2024.
Domestic sales in February 2024 were at 20121 systems, as versus 24619 systems throughout February 2023.
Overall tractor sales (Domestic + Exports) throughout February 2024 were at 21672 systems, as versus 25791 systems for the exact same duration in 2015. Exports for the month stood at 1551 systems.
Hemant Sikka, President Farm Equipment Sector, Mahindra & & Mahindra Ltd. stated We have actually offered 20121 tractors in the domestic market throughout February 2024. Southern and western states continue to deal with agri tension due to unpredictable and lacking monsoon. Rabi crop outlook is really great, with wheat crop most likely to be a bumper crop. Collecting has actually begun in couple of states with the federal government supporting early procurement of wheat crop. Continued federal government assistance through numerous rural plans and boosted institutional credit will even more assist increase tractor need moving forward. In the export market, we have actually offered 1551 tractors, a development of 32% over in 2015.
About Mahindra
Established in 1945, the Mahindra Group is among the biggest and most appreciated international federation of business with 260000 workers in over 100 nations. It takes pleasure in a management position in farm devices, energy lorries, infotech and monetary services in India and is the worlds biggest tractor business by volume. It has a strong existence in renewable resource, farming, logistics, hospitality and property. The Mahindra Group has a clear concentrate on leading ESG worldwide, allowing rural success and boosting city living, with an objective to drive favorable modification in the lives of neighborhoods and stakeholders to allow them to Rise.
Discover more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates register for https://www.mahindra.com/newsroom
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