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 Total tractor sales (Domestic + Exports) during February 2024 were at 21672 units, as against 25791 units for the same period last year.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, announced its tractor sales numbers for February 2024.Domestic sales in February 2024 were at 20121 units, as against 24619 units during February 2023. Total tractor sales (Domestic + Exports) during February 2024 were at 21672 units, as against 25791 units for the same period last year. Exports for the month stood at 1551 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 20121 tractors in the domestic market during February 2024. Southern and western states continue to face agri stress due to erratic and deficient monsoon. However, Rabi crop outlook is very good, with wheat crop likely to be a bumper crop. Harvesting has started in few states with the government supporting early procurement of wheat crop. Continued government support through various rural schemes and enhanced institutional credit will further help boost tractor demand going forward. In the export market, we have sold 1551 tractors, a growth of 32 per cent over last year.”

 Total tractor sales (Domestic + Exports) during

With Kharif crop harvest starting soon and crop prices holding firm, the sentiment is positive

Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES), part of the Mahindra Group, has announced that its domestic tractor sales were at 47,100 units for September 2022 as against 39,053 units during the same period last year.

The total tractor sales including domestic and exports during September 2022 were at 48,713 units, as against 40,331 units for September 2021. Exports for the month stood at 1,613 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 47,100 tractors in the domestic market during September 2022, a growth of 21 per cent over last year. This is our highest ever sale in a month. Demand remained strong during the month owing to festive boost, which we expect to continue in October as well. With Kharif crop harvest starting soon and crop prices holding firm, the sentiment is positive. Above normal monsoon has improved the reservoir levels, leading to high moisture content in the soil, which is very positive for higher food grain production in the upcoming Rabi season. In the exports market, we have sold 1,613 tractors with a growth of 26 per cent over last year”.

With Kharif crop harvest starting soon and

The consideration will be paid in cash and the 1,317 equity shares of Sampo are being acquired at a price of euro 3,333 per share aggregating euro 43,89,561 (Rs 35.57 crore), as per filing.

 Mahindra & Mahindra has hiked its stake in its Finland-based arm Sampo Rosenlew Oy to 100 per cent with the acquisition of residual shares for over Rs 35 crore. In December 2020, the company increased its stake in combine harvester maker Sampo Rosenlew Oy to 79.13 per cent with the acquisition of additional 1,050 shares for Rs 31.15 crore.

Mahindra & Mahindra executed an option exercise share purchase agreement to acquire 1,317 equity shares of Sampo Rosenlew Oy, pursuant to the exercise of a call option by it on the other shareholder of Sampo. Subsequently, the shareholding and consequent voting rights of M&M in Sampo would increase from 79.13 per cent to 100 per cent of the equity share capital of Sampo and it would become a wholly owned subsidiary of the company.

The consideration will be paid in cash and the 1,317 equity shares of Sampo are being acquired at a price of euro 3,333 per share aggregating euro 43,89,561 (Rs 35.57 crore), the filing said.

Sampo is known for its mid-sized combine harvesters in markets, including Europe and North Africa. It is also a joint venture partner of M&M for combine harvesters in Algeria. Sampo will jointly focus on the combine harvesters and specialty harvester business in Asia, Africa, Eurasian Economic Union countries and Latin America.

Mahindra’s scale in tractors and Sampo’s expertise in combine harvesters allow both companies to offer a broader product portfolio to address the needs of farmers in various countries. Sampo clocked a turnover of euro 52 million in the fiscal ended March 31, 2022.

The consideration will be paid in cash

After receiving a nod from the Ministry of Civil Aviation (MoCA) and the Directorate General of Civil Aviation (DGCA) for conducting drone trials in agriculture, many agri companies are raring to go and make Drones a mainstay for farmers, with big and small land holdings, alike. Currently Bayer CropScience, Mahindra & Mahindra and Coromandel International have already begun drone trials for crops such as paddy, corn, sugarcane, wheat, vegetables, fruits and hot peppers in Telangana and Andhra Pradesh. Realtime agronomic advisory to farmers, enhancing farm productivity and fostering sustainability are but a few promising deliverables of the versatile drones.

In August 2021, the MoCA and regulator DGCA allowed 10 organisations, including state governments and private companies, to use drones for a year. Those given permission include – Karnataka, National Health Mission (Mumbai), Gangtok Smart City Development project, Steel Authority of India’s (SAIL) plant at West Bengal’s Burnpur, Hyderabad’s Asia Pacific Flight Training Academy, Gujarat’s Blue Ray Aviation, Tractors and Farm Equipment Limited, Mahindra & Mahindra, Bayer Crop Science, and Indian Institute of Tropical Meteorology, Pune. In December 2021, the Government had
released SOPs (Standard Operating Procedures) for drone regulation for pesticide application. It covered important aspects like statutory provisions, flying permissions, area distance restrictions, weight classification, overcrowded areas restriction, drone registration, safety insurance, piloting certification, operation plan, air flight zones and weather conditions. Traditionally it has been the farmer who
sprays his crops physically. Even with hired manual labour, this is a costly and timeconsuming affair. In the manual spraying method, a farmer generally spends a considerable amount on labour charges, more water and a higher quantity of chemicals. With drones, it takes only a few minutes to spray fertilisers and permitted pesticides on one acre as opposed to 5- 6 hours earlier. Also crops at any height can be effectively reached, as drones ensure comprehensive and equal distribution of fertilisers and pesticides. Drones can support more targeted applications of insect, weed and disease-control products. This ensures correct dosage and also limits the risk of accidental exposure to chemicals. Besides,drones also offer real-time agronomic advisory to farmers, enhancing farm productivity and fostering sustainability.

Bayer conducted its first drone trial at its multi-crop breeding centre in Chandipa, near Hyderabad. The on-ground event, showcasing a field demonstration on the use of drones in agricultural operations. Bayer has partnered with innovative drone startup, General Aeronautics Pvt Ltd and conducted several in-house and external R&D trials with universities and central research institutions to generate data to make drone-based services available to farmers. Based on the initial achievements of drone farming, growers may be able to explore the technology’s capabilities in aiding paddy, corn, sugarcane, wheat, vegetables, fruits and plantation crops and harvests in the future. Bayer has been working closely with the Government of India, Ministry of Agriculture and Ministry of Civil Aviation,
industry bodies, regulators, policymakers and drone manufacturers over the last few years to introduce a conducive policy framework for the implementation of drone technology in Indian agriculture.

Based on the initial achievements of drone farming, growers may be able to explore the technology’s capabilities in aiding paddy, corn, sugarcane, wheat, vegetables, fruits and plantation crops and harvests in the future. Suchinnovations can shape the roadmap of sustainable farming in India, while spurring smallholder support and food security.D Narain, CEO and Managing Director, Bayer CropScience Ltd said, “Drone applications are operating in other small farmer countries in Asia and have the potential to deliver significant value to smallholders in India, as well as for the
economy and the planet.”

Aligning itself with the Government of India’s intent to promote drone use in agriculture, Coromandel International Limited, the country’s second largest phosphatic fertiliser player and part of Murugappa Group, conducted its first drone trials in Hyderabad. Commenting on the trials, Sameer Goel, Managing Director, Coromandel International Limited said, “The guidelines issued by the UnionMinistry of Agriculture and Farmers Welfare to make drone technology affordable to the stakeholders in the agricultural sector is indeed a major boost towards promoting precision farming in the country. Drones are especially suited for a country like India with small landholding farmers, since other modes of aerial application aren’t viable here. While bringing in an element of precision, drone spraying will also help farmers mitigate the issue of labour unavailability during peak season and decrease the time to spray. These trials are our first steps towards embracing this next-gen technology.”

The drone industry has gone through a paradigm shift in the last few months and the agri industry is one of the few industries to have received approvals to operate drones for farming operations, with new government regulations making deployment, design, development and manufacturing of drone technology easier. For drone technology to flourish, the government’s emphasis on drones for farming
operations can greatly benefit farmers, with promotion of drone usage from crop assessment to agrochemical/fertiliser spraying. Drones can be flown easily in green zones with almost all agricultural areas falling in the green zone.

New business opportunity
Also the AgTech sector is abuzz with increasing flow of growth capital into startups that play across the value chain from market linkage to financing to precision farming to mechanisation services. A fast-growing startup ecosystem is bringing new business models that seek to address several legacy challenges in the industry. Mahindra & Mahindra has started conducting drone-based agricultural trials, precision spraying on paddy, hot pepper crop in Telangana and Andhra Pradesh. While informing about drone trials Hemant Sikka, President, Farm Equipment Sector, Mahindra & Mahindra said, “Mahindra & Mahindra is already making drone services accessible and affordable through Krish-e, our Farming-as-a-Service business. New business models like drone rentals are providing drone services in India, opening many possibilities for the future.”

Sikka also added that a new business vertical, Krish-e provides digitally enabled services, across the complete crop cycle affordably and accessibly to farmers and includes advisory, access to equipment rentals and precision farming solutions. These are all focused on bringing down the overall cost of farming, improving crop output and consequently the farmer’s income.Drone tech adoption
Promotion of drone design, development, and manufacturing in India, specifically for Indian farming conditions will further help develop andboost adoption of the technology in the rural and agri sector. Apart from releasing new regulations, the Government has also announced the PLI (Production Linked Incentive) scheme for drone manufacturers to promote India as a drone hub. The government has also allocated Rs 120 croreover next three financial years under PLI scheme, banning import of drones (component import is allowed) to promote the domestic production of drones, also making licences to operate drones easily available across the country.

To promote drone applications in agriculture, the Government has included drones under the SMAM (Sub Mission on Agriculture Mechanisation) scheme. Under the scheme, CHCs, village level entrepreneurs, FPOs will get the subsidy of 40 per cent up to Rs 4 lakh. Also CIB&RC (Central Insecticides Board & Registration Committee) has rolled out guidelines for registration of agrochemicals for drone spraying. The Ministry of Agriculture and Farmers Welfare has also released the SOPs for spraying of agrochemicals and fertilisers.

After receiving approval from the Ministry of Civil Aviation (MoCA) and regulator Directorate General of Civil Aviation (DGCA) for conducting drone trials in agriculture, agriculture companies
are hoping for an increase in penetration of drone technology in the agriculture sector. Companies are trying to promote drone technology by making drone services accessible and affordable
through providing access to equipment rentals and precision farming solutions to small-scale farmers. Currently Bayer CropScience, Mahindra & Mahindra and Coromandel International
Limited have started drone trials for crops such as paddy, corn, sugarcane, wheat, vegetables, fruits and hot pepper in Telangana and Andhra Pradesh. Since drones offer real-time agronomic
advisory to farmers, enhancing farm productivity and fostering sustainability, it has paved a way to new business opportunities in the agri industry in India.

Dipti Barve
dipti.barve@mmactiv.com

After receiving a nod from the Ministry

Exports for the month stood at 1651 units

Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, announced its tractor sales numbers for March 2022.
Domestic sales in March 2022 were at 28112 units, as against 29817 units during March 2021.

Total tractor sales (Domestic + Exports) during March 2022 were at 29763 units, as against 30970 units for the same period last year.
Exports for the month stood at 1651 units.

Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 28112 tractors in the domestic market during March 2022. Record procurement of Kharif acreage, a substantial increase in exports of agricultural products like wheat, sugar and cotton will help improve the financial position of the farmers leading to better cash flow in the rural market to help boost tractor demand going forward. Acreage of Kharif crop has already crossed last year’s levels, which augurs well for agri incomes. This will get a further boost with an early forecast of a normal monsoon. In the exports market, we have sold 1651 tractors, a growth of 43 per cent over last year.”

Exports for the month stood at 1651 unitsMahindra &