Domestic sales in June 2020 were at 35,844 units, as against 31,879 units during June 2019.
Domestic sales of tractors of Mahindra & Mahindra Ltd. have grown by 12 percent from last year according to Hemant Sikka, President of its Farm Equipment Sector (FES).
Domestic sales in June 2020 were at 35,844 units, as against 31,879 units during June 2019. Total tractor sales (Domestic + Exports) during June 2020 were at 36,544 units, as against 33,094 units for the same period last year.
Sikka has stated that this is the sector’s second highest June sales ever. The business has been bolstered by the positive outlook of the farmers due to the timely arrival of the south west monsoon, record Rabi crop, Government support for agricultural initiatives and excellent progress in the sowing of the Kharif crop.
These factors combined with better cash flows in rural markets have helped increase tractor demand during June. Sikka said he foresees the increased demand to persist in the coming months.
