Mahindra's Farm Equipment Sector Sells 21162 Units in India during January 2022

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for January 2022.

Domestic sales in January 2022 were at 21162 units, as against 33562 units during January 2021.

Total tractor sales (Domestic + Exports) during January 2022 were at 22682 units, as against 34778 units for the same period last year.

Exports for the month stood at 1520 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 21162 tractors in the domestic market during January 2022. On the back of good rainfall and high moisture content in the soil, Rabi sowing has been very good, and this bodes very well for a bumper crop harvest. Continued Government focus on agriculture, rural infrastructure and higher cash flows with rabi harvest, will lead to positive sentiments and increase in tractor demand. In the exports market, we have sold 1520 tractors, registering a growth of 25% over last year."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 885.00 as compared to the previous close of Rs. 869.70. The total number of shares traded during the day was 210289 in over 6633 trades.

The stock hit an intraday high of Rs. 888.50 and intraday low of 872.55. The net turnover during the day was Rs. 185418530.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 FarmEquipment SalesVolume Tractors January2022