Mahindra has released a report on the sale of its agricultural equipment. If you look at the figures, where 19,174 devices were sold in July 2019, 24,463 devices were sold in July 2020.
Talking about the sale of tractors, 19,992 tractors were sold in July 2019, including domestic sales and exports, while in July 2020, the company sold 25,402 tractors. 939 tractors have also been exported.
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If we look at the annual statistics of the sales of tractors, then the sales in the fiscal year 2020-21 as compared to FY 2019-20 is the valley. In the first quarter (April-June) of the current financial year, 89,040 tractors were sold, down by 13 percent as compared to 1,02,087 tractors sold in the first quarter of the last financial year.
In terms of exports, 4,255 tractors have been exported, down by 53 percent in the first quarter of the current financial year. The company has attributed this to the ongoing corona epidemic since March. The shutdown of the showroom due to the lockdown has affected the sales of tractors.
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Mahindra has set a new record for the manufacture of tractors. The company has stated that production of 10 lakh tractors at Nagpur plant has been completed. Recently, Pawan Goenka, MD of Mahindra & Mahindra, expressed happiness over the production of 10 lakh tractors by tweeting.
In June, the company launched the new tractor Sarpanch Plus 575 in Maharashtra. This tractor is an upgrade model of the current Sarpanch 575. Mahindra claims that the new tractors give more power and torque and will make farming easier. Mahindra has used ELS technology in the engines of these tractors which provide more mileage as well as more power.
