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The January 2024 tractor sales report has been released recently. According to the tractor sales data, a decline of 14.94% in sales has been witnessed compared to January 2023. The leading tractor manufacturers sold 55589 tractors in January 2024, which was 65353 tractors in January 2023. However, agriculture enthusiasts are hoping for a better sales volume in 2024.
Mahindra, a renowned tractor maker, observed a 16.85% dip in January 2024 tractor sales compared to January 2023. However, the Mahindra tractor’s market share dropped by 0.95%. Mahindra recorded a sale of 22972 tractors in January 2024, which was 27626 tractors in January 2023.
The TAFE Group also registered a sales decrease of 16.90%. Moreover, its market share also decreased by 0.40%. However, Massey Tractor sold 9453 units in January 2024, as compared to 11375 tractors sold in January 2023.
The January 2024 Domestic Tractor Sales Report depicts that Sonalika Tractors sold 7158 tractors in January 2024, which was 7581 tractors in January 2023, marking a decline of 5.58%. At the same time, Sonalika's market share witnessed a 1.28% increase.
Escorts Tractors sold 5817 tractors in January 2024, leading to a 6.70% sales decrease, with 6235 tractors sold in January 2023. Moreover, their market share saw a 0.92% increase.
In January 2024, John Deere Tractor witnessed a significant decrease in tractor sales, with 5454 tractors sold, which was 6720 tractors in January 2023. As a result, the Domestic Tractor Sales Report for January 2024 presents a sales decline of 18.84%. Also, its market share recorded a 0.47% drop.
New Holland sold 2105 tractors in January 2024. On the other hand, its sales for January 2023 were 2277 tractors, which marked a sales decline of 7.55% this year. The market share of New Holland tractors shows a 0.30% gain.
Kubota sold 965 tractors in January 2024, facing a 40.14% decline. This is because the brand sold 1612 units in January 2023. Along with this, the market share of Kubota tractors lost by 0.73%.
Preet Tractor Domestic Sales Report for January 2024 recorded 402 tractors sold, as compared to 427 tractors sold in January 2023. This revealed a 5.85% decrease. But, its market share increased by 0.07%.
Indo Farm Tractors faced a sales decline, similar to other companies. They sold 392 tractors in January 2024, which was 460 tractors in January 2023. As a result, the sales figures show a 14.78% sales drop. At the same time, the company maintained its market share by no profit and no loss.
Captain Tractor sold 359 units in January 2024, as against 260 units in January 2023. This report shows a clear increase in domestic sales by 38.08%. Moreover, their market share recorded a gain of 0.25%.
VST Tractors and Tillers Ltd. marked a 43.12% decline in sales due to 248 tractors sold in January 2024 as compared to 436 units sold in January 2023.
According to the January 2024 domestic tractor sales, ACE Tractors recorded a sales drop of 18.95%. Along with this, 0.02% of the market share is lost in January 2024.
In January 2024, SDF Tractors registered 33 tractors sold, marking a 44.07% drop as compared to 59 tractors sold in the previous year. Moreover, the brand witnessed a decline of 0.03% in its market share.
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