Auto Sales July 2020: Mahindra Tractor Sales Up By 28% In The Domestic Market

Mahindras Farm Equipment Sector (FES) also announced its tractor sales for July 2020 wherein the company recorded a growth of 27 per cent. The total tractor sales including domestic and exports stood at 25,402 units during July 2020, as against 19,992 units sold in the same month last year. Seeing a positive response from the domestic market, the company sold 24,463 units, witnessing a jump of 28 per cent. Last year, the company had sold 19,174 units in the same month.

By Charanpreet Singh

1 mins read

Published on August 1, 2020

Highlights

Domestic sales in July 2020 were at 24,463 units
Total tractor sales during July 2020 were at 25,402 units
Exports for the month stood at 939 units

Mahindra's Farm Equipment Sector announced its tractor sales for July 2020 wherein the company recorded a growth of 27 per cent. The total tractor sales including domestic and exports stood at 25,402 units during July 2020, as against 19,992 units sold in the same month last year. Seeing a positive response from the domestic market, the company sold 24,463 units, witnessing a jump of 28 per cent. Last year, the company had sold 19,174 units in the same month. Mahindra recorded highest ever July sales with 28 per cent growth in the domestic market Also Read: Car Sales July 2020: Mahindra's Sales Down By 36% Additionally, the tractor exports for the month of July stood at 939 units, compared to the 818 units sold last year in the same month. The company recorded a growth of 15 per cent here. Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,463 tractors in the domestic market during July 2020, a growth of 28% over last year. These are our highest ever July sales. The strong demand momentum continued, aided by positive sentiments due to good cash flows to farmers, higher Kharif sowing, a timely and normal monsoon cumulatively across June & July and continued higher rural spending by the Government.” Mahindra had launched new sarpanch plus tractor range in Maharashtra last month Also Read: Anand Mahindra Praises The Bolero Which May Have Helped Save A Life He further mentioned that, “Localized lockdowns in certain states and COVID related impact on specific suppliers led to supply side challenges during the month. It is expected that the sentiments are likely to remain buoyant translating into robust tractor demand in the coming months. In the exports market, we have sold 939 tractors, a growth of 15% over last year”.