Mahindra's Farm Equipment Sector Sells 24276 Units in India during March 2024

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for March 2024.

Domestic sales in March 2024 were at 24276 units, as against 33622 units during March 2023.

Total tractor sales (Domestic + Exports) during March 2024 were at 26024 units, as against 35014 units for the same period last year. Exports for the month stood at 1748 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said "We have sold 24276 tractors in the domestic market during March 2024. Government announcement of increased advance estimate of horticulture production and Rabi wheat output higher than last year is expected to bring positive sentiments among farmers. Forecast of a normal South -West monsoon this year is expected to further boost tractor demand in the coming months. In the exports market, we have sold 1748 tractors, a growth of 26% over last year."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1921.35 as compared to the previous close of Rs. 1878.90. The total number of shares traded during the day was 92264 in over 9107 trades.

The stock hit an intraday high of Rs. 1962.10 and intraday low of 1872.45. The net turnover during the day was Rs. 177313977.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 FarmEquipment Tractors SalesVolme March2024