Mahindra farm equipment reports 15% growth in January tractor sales

Mahindra's farm equipment sector saw a 15% increase in January tractor sales, supported by higher domestic demand, better agricultural conditions, and government policies.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 Feb 2025 Views icon5139 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Mahindra farm equipment reports 15% growth in January tractor sales

Mahindra & Mahindra Ltd.'s Farm Equipment Sector reported domestic tractor sales of 26,305 units in January 2025, marking a 15% increase from 22,972 units sold in January 2024. The company's total sales, including exports, reached 27,557 units compared to 23,948 units in the same period last year.

Export performance showed significant growth with 1,252 units shipped overseas, representing a 28% increase from 976 units in January 2024. The company's year-to-date domestic sales for fiscal year 2025 stood at 350,632 units, up 10% from 320,129 units in the previous fiscal year.

Hemant Sikka, President of Mahindra's Farm Equipment Sector, attributed the growth to favorable agricultural conditions, including above-normal southwest monsoon and high water storage levels in major reservoirs, which supported increased Rabi sowing. He noted that continued government support through rural schemes and agricultural subsidies contributed to the sector's performance.

Mahindra & Mahindra, a key player in India's agricultural machinery sector, has maintained its position as one of the country's leading tractor manufacturers. The company's Farm Equipment Sector has consistently focused on serving the agricultural community through its range of tractors and farm implements.

The growth in tractor sales serves as an indicator of rural economic activity and agricultural mechanization in India. The sector's performance is closely tied to factors such as monsoon patterns, government policies, and rural income levels. Looking ahead, the company anticipates that potential increased budget allocation in upcoming Union budgets could further strengthen tractor demand.

The total year-to-date exports for fiscal year 2025 reached 13,548 units, showing a 28% growth compared to 10,561 units in the previous fiscal year. Overall, the company's combined domestic and export year-to-date sales totaled 364,180 units, representing a 10% increase from 330,690 units in the corresponding period of fiscal year 2024.

RELATED ARTICLES
'Small EV Players Will Survive Too' - Jitendra EV

auther Darshan Nakhwa calendar18 Mar 2025

The Nashik-based EV manufacturer believes smaller players can do well if they offer good quality at an affordable price....

Indian Superbike League Launched to Expand Motorcycle Racing in India

auther Sarthak Mahajan calendar18 Mar 2025

The Indian Superbike League (ISBL), sanctioned by FMSCI, aims to provide a structured platform for professional motorcyc...

Kia India Implements Price Increase Across Vehicle Range

auther Angitha Suresh calendar18 Mar 2025

Citing rising commodity and supply chain costs, the automaker announces a price adjustment of up to 3% on all models beg...