Moneycontrol PRO
Contest Alert:1 day left to win Amazon vouchers worth Rs 5000. Take the MCPRO Quiz today to grab yours!

Mahindra & Mahindra reports total tractor sales of 48,222 units in June

The company had sold a total of 36,544 tractors in June 2020, when sales were impacted by the nationwide lockdown imposed to curb the spread of the coronavirus pandemic although easing of restrictions had started by then.

July 01, 2021 / 02:27 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mahindra & Mahindra Ltd on Thursday reported total tractor sales of 48,222 units in June, recovering from the disruptions induced by the second wave of the coronavirus pandemic.

The company had sold a total of 36,544 tractors in June 2020, when sales were impacted by the nationwide lockdown imposed to curb the spread of the coronavirus pandemic although easing of restrictions had started by then.

It had sold 24,184 units in May 2021, during the peak of the second wave of the pandemic.

Domestic sales last month were at 46,875 units. It was at 35,844 units in June 2020, M&M said in a statement.

Exports in June stood at 1,347 units. The company had exported 700 units in the same month last year.

Close

Commenting on the performance, Mahindra & Mahindra Ltd. President - Farm Equipment Sector Hemant Sikka said, "the sharp fall in COVID-19 cases and resultant easing of related restrictions, arrival of timely monsoon, increase in MSP rates for key kharif crops and continued strong government support to all agri activities is giving a very strong momentum to tractor demand."

He further said, "we continue to remain optimistic about the progress of the monsoon and tractor demand in the coming months."
PTI
first published: Jul 1, 2021 02:27 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark