Auto Sales December 2021: Mahindra Farm Equipment Registers 21% Sales Decline In Domestic Market
By Charanpreet Singh
1 mins read
Published on January 4, 2022
- Mahindra's domestic tractor sales stood at 16,687 units in December 2021
- The company recorded 29.9% drop MoM in the domestic market
- Exports for the month stood at 1,582 units.
Mahindra & Mahindra's Farm Equipment Sector has released the monthly sales numbers for December 2021. The company's total tractor sales (Domestic + Exports) last month stood at 18,269 units, as against 22,417 units for the same period a year ago, recording a year-on-year (YoY) decline of 19 per cent. Domestic sales in December 2021 were at 16,687 units, as against 21,173 units sold in the same month last year, which is a drop of 21 per cent. Compared to 26,094 tractors sold in November 2021, the company has recorded a Month-on-Month (M-o-M) de-growth of 29.9 per cent in the domestic market.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 16687 tractors in the domestic market during December 2021. Degrowth in December has been on account of a combination of factors, including high base of last year and both delayed and very heavy rainfall in some geographies. We expect momentum to recover in the coming months on account of good progress of Kharif procurement bringing liquidity in the hands of farmers and Rabi acreage showing signs of growth over last year. In the exports market, we have sold 1582 tractors, a growth of 27% over last year.
Exports for December 2021 stood at 1,582 units, witnessing a growth of 27 per cent against 1,244 units sold in December 2020. Compared to 1,587 units exported from India in November, the company registered a marginal decline Month-on-Month (M-o-M).
As far as cumulative sales are concerned, the company registered a growth of 8 per cent selling 281,816 units in the April- December period as compared to 260,604 units sold in the same period last month. During the same period, the company sold 268,868 units in the domestic market against 253,284 units, registering a growth of 6 per cent. Mahindra's exports went up by 77 per cent at 12,948 units as compared to 7,320 units sold in the same month a year ago. Overall, the company recorded an uptick of 7.4 per cent selling 2,60,604 units in the April-December period as compared to 2,42,625 units sold in the same period last year.
Great Deals on Used CarsView All Used Cars
- 8,000 km
- 53,763 km
- 72,000 km
- 24,110 km
- 20,156 km
- 64,000 km
- 85,000 km
- 75,000 km
- 70,123 km
- 22,000 km
Popular Mahindra Models
-9803 second ago
A strong push during the festive season helped Ola Electric achieve its highest-ever monthly sales, retaining its number-one position in the market.
-7441 second ago
Gauhar Khan and her husband, Zaid Darbar, were pictured together at the dealership in Mumbai while taking delivery of their new Mercedes.
-6771 second ago
Hero MotoCorp’s cumulative sales for November 2023 stood at 491,050 units, witnessing a 25.61 per cent increase year-on-year
-4884 second ago
-4306 second ago
The bikemaker’s cumulative motorcycle sales for the year 2023 stood at 621,672 units, reflecting a 13 per cent increase.
-2112 second ago
In the previous month, the automaker sold a total of 11,891 units, marking a growth of 24 per cent as compared to the same month last year.
26 minutes ago
At present, India’s largest carmaker holds just a little over 2.06 lakh open bookings, nearly a third of which are for the Ertiga.
1 hour ago
New variant of the Chetak scooter gets some changes as compared to the Premium variant currently on sale.
2 hours ago
The cumulative sales for the Calendar Year 2023 reached 2,10,497 units - a 40 per cent growth over 2022
3 hours ago
While sales were up in comparison to November 2022, Ather reported a 7 per cent decline in sales as compared to October 2023
1 month ago
Mahindra & Mahindra has officially teased the 2021 Bolero Neo subcompact SUV, which is expected to be launched in the country very soon.
6 months ago
Mahindra has recently rolled out the 1,00,000th XUV700. The carmaker has achieved this milestone in less than 2 years.
8 months ago
Mahindra associates with four Tata IPL T20 league teams - Royal Challengers Bangalore, Delhi Capitals, Mumbai Indians, and Rajasthan Royals.
11 months ago
In December 2022 company’s domestic tractor sales for the month stood at 21,640 units witnessing a growth of 30 per cent, while exports stood at at 1603 units, up by 1 per cent.
1 year ago
Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.