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    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
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Delayed NSE India Stock Exchange  -  06:25 2022-12-02 am EST
1264.60 INR   -2.23%
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Mahindra's Farm Equipment Sector achieves highest ever monthly tractor sale in India at 47,100 units, during September 2022

10/04/2022 | 10:57am EST

Mumbai - Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for September 2022.

Domestic sales in September 2022 were at 47,100 units, as against 39,053 units during September 2021.

Total tractor sales (Domestic + Exports) during September 2022 were at 48,713 units, as against 40,331 units for the same period last year. 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% 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% over last year'.

Farm Equipment Sector Summary - September 2022

		September	Cumulative September
		F23	F22	%Change	F23	F22	%Change
Domestic	47,100	39,053	21%	2,02,305	1,80,667	12%
Exports		1,613	1,278	26%	9,744	8,182	19%
Total		48,713	40,331	21%	2,12,049	1,88,849	12%

*Exports include CKD

https://www.mahindra.com/news-room/press-release/mahindras-farm-equipment-sector-achieves-highest-ever-monthly-tractor-sale-in-india-at-47100-units-during-september-2022

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media contact information

Pramuch Goel (Strategic & Corporate)

Senior Manager, Group Communications

Mahindra & Mahindra Ltd.

Email - goel.pramuch@mahindra.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2023 803 B 9 891 M 9 891 M
Net income 2023 67 217 M 828 M 828 M
Net cash 2023 67 977 M 837 M 837 M
P/E ratio 2023 22,4x
Yield 2023 1,02%
Capitalization 1 406 B 17 322 M 17 322 M
EV / Sales 2023 1,67x
EV / Sales 2024 1,42x
Nbr of Employees 260 000
Free-Float 71,9%
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Manoj Bhat President & Group Chief Financial Officer
Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
Rucha Nanavati Chief Information Officer
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