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Escorts Tractor Gross sales Fall 43% Over March

Mahindra & Mahindra Ltd.’s passenger car business achieved total sales of 18,285 units in April, the company said in a statement.

The passenger car increased by 9.5% compared to the previous month, as the demand for commercial vehicles continued to improve. Year-on-year sales are not comparable due to the lockdown due to the Covid last year.

  • Overall, car sales by M & M’s automotive division fell 9.8% from the previous month to 36,437 units.

  • The commercial vehicle segment, including electric tricycles, sold 16,147 units in April.

“With the increase in lockdown restrictions in many parts of the country, we anticipate continued challenges related to the manufacturing supply chain,” said Veejay Nakra, chairman of the automotive division of M&M Ltd, in a statement, adding that demand is true is still good, but they expect an impact in the first quarter due to low customer movements and dealer activity due to the lockdown restrictions.

In the agricultural machinery segment, on the other hand, sales in April fell by 11% to 27,523 units, compared to 30,970 units in the previous month.

Domestic tractor sales also fell from the previous month by 12.3% to 26,130 units, while exports rose almost seven times to 1,393 units compared to the previous month.

“There have been supply chain disruptions due to local lockouts and availability of oxygen, and dealerships in a few states have been closed, which has impacted demand,” said Hemant Sikka, president of the agricultural machinery sector at Mahindra & Mahindra Ltd., in a statement and added The company expects demand for tractors to recover as farmers begin preparing their land for kharif crops in the weeks that follow.