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    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
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Mahindra and Mahindra : Farm Equipment Sector Sells 39,053 Units in India during September 2021

10/05/2021 | 11:12am EST

Mumbai - Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for September 2021.

Domestic sales in September 2021 were at 39,053 units, as against 42,361 units during September 2020.

Total tractor sales (Domestic + Exports) during September 2021 were at 40,331 units, as against 43,386 units for the same period last year.

Exports for the month stood at 1,278 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, 'We have sold 39,053 tractors in the domestic market during September 2021. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by end of September and monsoon achieving normal levels. This is back-to-back normal or above normal monsoon for the third year. Reservoir levels have improved and excess rainfall in September will lead to high moisture content in the soil, leading to strong Rabi sowing. With initial crop production estimates indicating highest ever Kharif Crop, coupled with the upcoming festive season, we are optimistic of a strong demand in the coming months. In the exports market, we have sold 1,278 tractors with a growth of 25% over last year.'

Farm Equipment Sector (FD+SD+Gromax)

			September 			Cumulative September
			F22 	F21 	%Change 	F22 		F21 		%Change
Domestic 		39,053 	42,361 	- 8% 		180,667 	154,904 	17%
Exports 		1,278 	1,025 	25% 		8,182 		3,999 		105%
Total 			40,331 	43,386 	-7% 		188,849 	158,903 	19%

*Exports include CKD

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2022 550 B 7 305 M 7 305 M
Net income 2022 45 309 M 602 M 602 M
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Nbr of Employees 260 000
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Anish Dilip Shah Chief Executive Officer, MD & Director
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Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
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