M&M studies 15 computer dip in Nov tractor gross sales at 27,681 models

Mahindra & Mahindra Ltd on Wednesday reported a 15 per cent decline in whole tractor gross sales at 27,681 models in November 2021. The corporate had offered 32,726 models in the identical month final yr, M&M mentioned in an announcement.

Home tractor gross sales have been down 17 per cent at 26,094 per cent in November, as in comparison with 31,619 models in the identical month final yr, it added.

Nonetheless, exports have been up 43 per cent at 1,587 models, as towards 1,107 models in November final yr.

Commenting on the gross sales efficiency, M&M President – Farm Gear Sector Hemant Sikka mentioned, “de-growth over November 2020 is because of excessive base of final yr and constant rains in some states.”

Stating that rural sentiments proceed to stay constructive on account of fine Rabi sowing and excessive reservoir ranges, he mentioned, “escalation in procurement for Kharif crop will convey regular money flows, which is predicted to spice up tractor demand going ahead.”