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Domestic Tractor Sales Report April 2024: 2.71% Decline Recorded with 76945 Units Sold

Domestic Tractor Sales Report April 2024: 2.71% Decline Recorded with 76945 Units Sold
Posted -14 May 2024 Share Post

Domestic Tractor Sales Report April 2024

In April 2024, domestic tractor sales in India declined by 2.71%. The brands sold 76945 tractors in April 2024, compared to 79090 tractors sold in April 2023. Check out the complete brand-wise tractor sales report for April 2024. 

New Holland Tractor

Domestic Tractor Sales Report April 2024 - Brand Wise

Mahindra Tractor, the leading tractor producer in India, reached a sales number of 35805 tractors in April 2024. This represented an increase of 1.15% from April 2023, with 35398 tractors being sold. Furthermore, there was a 1.78% increase in Mahindra's market share in this timeframe.

Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., remarked, “They sold 35805 tractors in the domestic market in April 2024, showing a 1% increase from the previous year. The government's wheat procurement activities are in full swing, with strong mandi arrivals maintaining the flow of cash in rural areas”. 

Furthermore, he also mentioned that the positive outlook in rural sentiments has been boosted by IMD's prediction of increased monsoon rains and festivals in April. Conditions of trade remain positive, and strong cash flows from the Rabi harvest are expected to increase demand for tractors in the upcoming months. In the market for exports, they have successfully sold 1234 tractors, which represents a 23% increase compared to the previous year.

In April 2024, TAFE sold 13,004 domestic tractors, 10.32% lower than the 14,500 tractors it sold in April 2023. Furthermore, TAFE Tractors experienced a decrease in market share of 1.43%.

Sonalika International sold 9649 tractors in April 2024, a slight dip from the 9814 tractors sold in April 2023. This shows a 1.68% decrease in sales. Besides, the data highlights a 0.13% increase in the brand's market share.

In April 2024, 7168 tractors were sold by Escorts Tractors, marking a 1.16% decline from the 7252 tractors sold in April 2023. Conversely, the company held onto its market share by 0.15%.

During April 2024, John Deere Tractor experienced a 5.23% increase in tractor sales, selling 5779 units compared to 5492 units sold the previous year. Also, there was a rise in the brand's market share by 0.57%.

In April 2024, New Holland Tractor sold 2867 tractors, a 1.56% increase compared to the previous year, when it sold 2823 units. On the other hand, the brand's market share saw a positive growth of 0.16%. 

In April 2024, Kubota tractor sales significantly dropped to 1324 units, marking a 34.26% decrease from April 2023, when sales were at 2014 units. At the same time, the company's market share also decreased by 0.83%.

Preet tractor domestic sales decreased significantly by 13.28%, to 405 tractors in April 2024 from 467 units in April 2023. The report also highlights a minor downward trend in market share of 0.06%.

In April 2024, Indo Farm tractors witnessed a 26.67% decrease in domestic tractor sales, selling 352 tractors compared to the 480 units sold in April 2023. The company's market share decreased by 0.15% this month.

The sales report for April 2024 from VST Tractor indicates that 208 tractors were sold, marking a decrease of 30.67% from the 300 tractors sold in April 2023. The market share of the brand decreased by 0.11% as well.

In April 2024, Captain Tractor saw a notable 38.84% rise in sales, selling 200 tractors, higher than the 327 tractors sold in April 2023. Moreover, the company saw a slight decrease of 0.15% in its market share.

Domestic sales of ACE tractors experienced a 5.67% decrease in reporting. In April 2024, this brand saw a decrease in tractor sales, with only 133 units sold compared to 141 units in April 2023. Additionally, ACE tractors lost 0.01% of their market share.

Domestic sales of SDF tractors in April 2024 decreased by 37.80%. In April 2024, 51 units were sold, as opposed to 82 tractors sold in April 2023. Consequently, there was a 0.04% growth in market share.

In April 2024, 76945 tractors were sold in the domestic market, a decrease from the 79090 tractors sold in April 2023. This resulted in a 2.71% drop in tractor sales within the country in April 2024. 

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