Sales volume of tractors for M&M FY 2012-2023
In financial year 2023, Mumbai headquartered Mahindra & Mahindra Limited sold approximately 390 thousand tractors. This figure represents a significant increase from fiscal year 2020. The tractor industry upcycles are highly monsoon-dependent and follow four-year patterns, which means three good years are most likely followed by a slow year in terms of sales.