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Domestic Tractor Sales Increased by 24.41% in January 2023

Domestic Tractor Sales Increased by 24.41% in January 2023
Posted -05 February 2023 Share Post

The Domestic Tractor Industry Reports a 24.41% Increase in January 2023 Sales, Selling 65,635 Units Compared to 52,755 in January 2022

Mahindra Tractor recorded a 30.55% year-over-year sales increase in January 2023, with 27,626 units sold compared to 21,162 units in January of the previous year. This growth in sales also resulted in a 1.98% increase in the company's market share.

New Holland Tractor

In January, Tafe Ltd. recorded a 17.91% increase in tractor sales, selling 11,375 units compared to 9,647 units sold in the previous year. Additionally, the company's market share decreased by 0.96%.

Sonalika Tractor experienced a 25.64% growth in sales in January 2023, selling 7581 units compared to 6034 units in January 2022. This increase also led to a 0.11% growth in the company's market share.

John Deere experienced a 26.43% growth in domestic John Deere tractor sales in January 2023, selling 6,720 units compared to 5,315 units the previous year. This success also boosted the company's market share by 0.16%.

Escorts tractor sales showed a 22.18% growth, with 6,235 units sold in January 2023, compared to 5,103 units sold in January 2022. The company’s market share decreased by 0.17%.

In January 2023, New Holland tractor sold 2,277 units, a 6.60% increase from the 2,136 units sold in the same month last year. However, the company's market share declined by 0.58%.

Kubota tractor registered a growth of 39.67% in domestic sales by selling 1,612 units in January 2023, whereas it sold 1,154 units in the last month. Likewise, the company also gained its market share by 0.27%. 

Indo Farm experienced a decrease in domestic sales in January 2023, selling 460 units compared to the 550 units sold the previous year, a decline of 16.36%. The company also saw a loss in market share, declining 0.34%.

VST Tractor reported an 18.48% increase in sales, selling 436 units in January 2023 compared to 368 units in the same month of the previous year. Despite this, the company's market share decreased slightly by 0.03%.

Preet Tractor experienced a 10.11% drop in domestic sales, selling 427 units in January 2023 compared to 475 units in the same month of the previous year. This decline was reflected in the company's market share, which decreased by 0.25%.

ACE Tractor saw a significant increase in domestic sales, selling 285 units in January 2023, a 32.56% rise from 215 units sold in the same month of the previous year. This growth was reflected in the company's market share, which increased by 0.03%.

Force Tractor reported a 1.74% decline in domestic sales for January 2023, selling 282 units as opposed to 287 units in January 2022. Additionally, the company's market share decreased by 0.11%.

Captain Tractor experienced a 16.59% rise in sales this year, selling 260 tractors, a significant increase from the previous year's 223 tractors. The company also experienced a 0.03% decline in market share.

In January 2023, Same Deutz Fahr Tractor experienced a 31.40% decrease in sales, selling only 59 tractors compared to 86 units in January 2022. Additionally, the company's market share fell by 0.07%.

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