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    Sales data of the Mahindra agricultural machinery sector in March 2020

    Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for March 2020.

    Mahindra Novo 755 DI. Source: Mahindra

    Domestic sales in March 2020 were at 13,418 units, as against 18,446 units during March 2019. Total tractor sales (Domestic + Exports) during March 2020 were at 13,613 units, as against 19,688 units for the same period last year. Exports for the month stood at 195 units. Commenting on the performance, Rajesh Jejurikar, Executive Director, Auto & Farm Equipment Sectors, Mahindra & Mahindra Ltd. said:

    “We have sold 13,418 tractors in the domestic market during March 2020.The month was disrupted as business was hugely impacted by the lockdown just before the start of festive days in large parts of the country. In compliance with the regulations, the anticipated retail surge and billing totally stopped in all states. The Central Government has taken timely initiatives for the farming community in the form of specific relief packages. We hope this will help bring in momentum for tractor sales, after the lockdown ends. In the exports market, we have sold 195 tractors.”

    Farm Equipment Sector (FD+SD+Gromax)
    March Cumulative March
    F19 F20 %Change F19 F20 %Change
    Domestic 18446 13418 -27% 316742 291901 -8%
    Exports 1242 195 -84% 13694 10014 -27%
    Total 19688 13613 -31% 330436 301915 -9%

    *Exports include CKD

    Source: Mahindra

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