Sat. Jun 15th, 2024

365Telugu.com online news,Mumbai, May 2nd, 2024: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for April 2024.

Domestic sales in April 2024 were at 35805 units, as against 35398 units during April 2024.

Total tractor sales (Domestic + Exports) during April 2024 were at 37039 units, as against 36405 units for the same period last year. Exports for the month stood at 1234 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 35805 tractors in the domestic market during April 2024, a growth of 1% over last year.

Government’s Wheat procurement operations are going on in full swing with good mandi arrivals, keeping the rural cash flows healthy. IMD’s forecast of above normal monsoon rains and festivals in the month of April have helped bring positivity in the rural sentiments.

Terms of trade continue to stay positive and good cash flows from Rabi harvest are likely to boost tractor demand in the coming months. In the exports market, we have sold 1234 tractors a growth of 23% over last year.”       

Farm Equipment Sector Summary  
 AprilYTD April
 F25F24% ChangeF25F24% Change
       
Domestic35805353981%35805353981%
       
Exports1234100723%1234100723%
       
Total37039364052%37039364052%

Also read: A Higher Power: The First-Ever All-Electric BMW i5 M60 xDrive launched in India.

Also read: Dive into a World of Diverse Entertainment with discovery+, now on Tata Play Binge..

ఇది కూడా చదవండి: హైదరాబాద్‌లోని హైటెక్ సిటీలో నూతన బ్రాంచ్ ను ప్రారంభించిన షాట్ ఇండియా..

Also read: Mindspace Business Parks REIT Announces Results for Q4 FY24 and FY24