Mahindra Tractor Sales in Financial Year 2024

In the financial year 2024, Mahindra experienced a mixed performance in both the Indian tractor industry and the export market. While domestic sales showed growth in only four months - June 2023, July 2023, August 2023, and November 2023, the export market saw significant growth only in February 2024.

Overall, Mahindra sold a total of 3,78,386 tractors in FY’24, marking a 7% drop compared to FY’23. Domestic sales accounted for 3,64,526 units, while exports stood at 13,860 units, reflecting a 6% and 23% decline respectively compared to the previous year. In March 2024, Mahindra recorded a total sale of 26,024 units, indicating a 26% YoY decline. However, while domestic sales dropped by 28%, exports witnessed a 26% growth in YoY sales rate. TractorGyan attributes Mahindra's popularity to its modern features catering to both national and international consumers. With expectations of a good Rabi harvest, potential growth is anticipated for Mahindra in FY'25. More insights on Mahindra tractor sales and industry updates at TractorGyan.