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The December 2023 tractor sales report has been released recently. According to the tractor sales data, a decline of 19.24% in sales has been witnessed compared to December 2022. The leading tractor manufacturers sold 44735 tractors in December 2023, which was 55390 tractors in December 2022. However, agriculture enthusiasts are hoping for a better sales volume in 2024.
Domestic Tractor Sales Report December 2023 - Brand Wise Data
Mahindra, a renowned tractor maker, observed a 16.69% dip in December 2023 tractor sales compared to December 2022. However, the Mahindra tractor’s market share improved by 1.23%. Mahindra recorded a sale of 18028 tractors in December 2023, which was 21640 tractors in December 2022.
The TAFE Group also registered a sales decrease by 28.71%. Moreover, its market share also decreased by 2.18%. However, Massey Tractor sold 7345 units in December 2023, as compared to 10303 tractors sold in December 2022.
The December 2023 Domestic Tractor Sales Report depicts that Sonalika tractors sold 5825 tractors in December 2023, which was 6862 tractors in December 2022, marking a decline of 15.10%. At the same time, Sonalika's market share witnessed a 0.63% increase.
In December 2023, John Deere Tractor witnessed a significant decrease in tractor sales, with 4223 tractors sold, which was 5443 tractors in December 2022. As a result, the Domestic Tractor Sales Report for December 2023 presents a sales decline of 22.41%. Also, its market share recorded a 0.39% drop.
Escorts Tractors sold 4131 tractors in December 2023, leading to a 17.03% sales decrease, with 4979 tractors sold in December 2022. Moreover, their market share saw a 0.25% increase.
New Holland sold 2064 tractors in December 2023. On the other hand, its sales for December 2022 were 1972 tractors, which marked a sales increase of 4.67% this year. The market share of New Holland tractors shows a 1.05% gain.
Kubota sold 1600 tractors in December 2023, facing a 29.23% decline. This is because the brand sold 2261 units in December 2022. Along with this, the market share of Kubota tractors lost by 0.51%.
Preet Tractor Sales Report for December 2023 recorded 421 tractors sold, as compared to 421 tractors sold in December 2022. This revealed a 3.22% decrease. But, its market share also increased by 0.16%.
Indo Farm Tractors faced a sales decline, similar to other companies. They sold 412 tractors in December 2023, which was 519 tractors in December 2022. As a result, the sales figures show a 20.62% sales drop. At the same time, their market share witnessed a 0.02% decline.
VST Tillers and Tractors Ltd. marked a 35.99% decline in sales due to 265 tractors sold in December 2023 as compared to 414 units sold in December 2022.
According to the December 2023 domestic tractor sales, ACE Tractors recorded a sales drop of 10.96%. Despite this, 0.04% of market share is gained in December 2023.
Captain Tractor sold 176 units in December 2023, as against 272 units in December 2022. This report shows a clear decline in domestic sales by 35.29%. Moreover, their market share recorded a decline of 0.10%.
In December 2023, SDF Tractors registered 41 tractors sold, marking a 33.87% drop as compared to 62 tractors sold in the previous year. Moreover, the brand witnessed a decline of 0.02% in its market share.
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