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Domestic Tractor Industry Sees Mixed Results in March 2024; Check Brand-Wise Details

Notable challenges were seen for domestic tractor industries in March 2024 with a widespread fluctuation in sales across various manufacturers.

Saurabh Shukla
Domestic Tractor Industry Sees Mixed Results in March 2024: Check Brand-Wise Details (Photo Source: Pixabay)
Domestic Tractor Industry Sees Mixed Results in March 2024: Check Brand-Wise Details (Photo Source: Pixabay)

In March 2024, domestic tractor sales in India underwent a significant change, experiencing a staggering 22.67% fluctuation compared to the corresponding period in 2023. The total number of tractors sold during this period amounted to 63,755 units compared to 82,450 units sold in March 2023. 

Domestic Tractor Sales March 2024

Manufacturer

Mar’24

Mar’23

% Growth

M&M Group

24276

33622

-27.80

Tafe Group

10878

13674

-20.45

Sonalika

8682

10616

-18.22

Escorts

8054

9601

-16.11

John Deere

5523

5931

-6.88

New Holland

3062

3707

-17.40

Kubota

1301

2546

-48.90

Preet

462

697

-33.72

Indo Farm

412

621

-33.66

Captain

359

260

38.08

ACE

88

274

-67.88

VST

475

574

-17.25

SDF

60

86

-30.23

Total

63755

82450

-22.67

Manufacturer

MS Mar’24

MS Mar’23

MS YoY

M&M Group

38.08

40.78

-2.70

Tafe Group

17.06

16.58

0.48

Sonalika

13.62

12.88

0.74

Escorts

12.63

11.64

0.99

John Deere

8.66

7.19

1.47

New Holland

4.80

4.50

0.31

Kubota

2.04

3.09

-1.05

Preet

0.72

0.85

-0.12

Indo Farm

0.65

0.75

-0.11

Captain

0.76

0.61

0.15

ACE

0.14

0.33

-0.19

VST

0.75

0.70

-0.05

SDF

0.09

0.10

-0.01

Total

100.00

100.00

 

Despite these challenges, the industry continues to adapt strategies to navigate through market fluctuations and maintain competitive positions. As stakeholders monitor the market closely, efforts to rejuvenate sales and stimulate growth are likely to remain at the forefront of industry agendas.

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