Mahindra Tractors

Mahindra & Mahindra Ltd. (M&M Ltd.) reported at present that its general automotive gross sales for April 2022 had been 45,640 models. Mahindra offered 22,168 vehicles within the Utility Vehicles section in April 2022. In April 2022, the Passenger Vehicles section (which contains SUVs, Cars, and Vans) offered 22,526 models. The month’s exports totalled 2,703 autos.

Mahindra tractors offered 17,402 business autos in April 2022, up 23 p.c from the earlier month. In April 2022, the sunshine business car segments of 2T, Pickups (2T to three.5T), >3.5T, and heavy business autos all continued to rise.

“We continued our growth trajectory in the SUV market with sales of 22,168 vehicles, recording a 22 percent increase,” mentioned Veejay Nakra, President, M&M Ltd.’s Automotive Division. Our Commercial Vehicles division had development in all areas, and exports elevated by 35%. Demand for our merchandise stays excessive, with sturdy reserving figures and a robust pipeline. Due to China’s closure, there have been plenty of provide chain points. We will proceed to maintain an in depth eye on the state of affairs and take corrective motion as wanted.”

Similarly, Mahindra’s Farm Equipment Sector (FES) launched its tractor gross sales figures for April 2022, with home gross sales of 39,405 models in April 2022 in comparison with 26,130 models in April 2021.

In April 2022, complete tractor gross sales (home + exports) had been 40,939 models, up from 27,523 models in the identical month prior 12 months. The month’s exports totaled 1,534 models.

“We sold 39405 tractors in the domestic market during April 2022, up 51 percent from last year,” said Hemant Sikka, President Of Farm Equipment Sector, Mahindra & Mahindra Ltd. Demand drivers had been on observe, leading to strong development for our firm. Rabi harvesting goes effectively in most markets. Due to the present international circumstances and important wheat exports from India, demand for the Indian wheat harvest has been extraordinarily sturdy, leading to farmers receiving larger open market costs for his or her output than MSP. Oilseeds additionally command a better market value within the native market.

“Both IMD and Skymet have predicted a traditional monsoon this 12 months, which speaks effectively for the following Kharif season and can assist the tractor sector proceed to develop. We offered 1534 tractors within the export market, which is a ten% improve over earlier 12 months,” he added.

First printed on: 03 May 2022, 10:45 IST



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