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.
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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