Mahindra's Farm Equipment Sector Sells 18910 Units in India during February 2022

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

Domestic sales in February 2022 were at 18910 units, as against 27170 units during February 2021.

Total tractor sales (Domestic + Exports) during February 2022 were at 20437 units, as against 28146 units for the same period last year.

Exports for the month stood at 1527 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 18910 tractors in the domestic market during February 2022. Agri indicators continue to be promising with Rabi sowing at an all-time high and higher liquidity with farmers on account of timely and record procurement of Kharif crops. With record expansion in sown area for third consecutive Rabi season, we are optimistic for an all-time high crop production level. Additionally, Governments focus on increasing cropping intensity of summer crops will bring in additional income in the hands of the farmers. In the exports market, we have sold 1527 tractors, a growth of 56% over last year."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 790.95 as compared to the previous close of Rs. 807.70. The total number of shares traded during the day was 174230 in over 7214 trades.

The stock hit an intraday high of Rs. 807.60 and intraday low of 787.00. The net turnover during the day was Rs. 138189016.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 Farmequipment SalesVolume February2022 Tractors Domestic Exports