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DOMESTIC TRACTOR SALES INCREASED BY 6.52% IN NOVEMBER 2022

DOMESTIC TRACTOR SALES INCREASED BY 6.52% IN NOVEMBER 2022
Posted -07 December 2022 Share Post

DOMESTIC TRACTOR SALES INCREASED BY 6.52% IN NOVEMBER 2022; SOLD 67,941 UNITS

The domestic tractor industry discloses the November 2022 domestic sales statistics, which have increased by 6.52% with selling 67,941 units, whereas 63,783 units were sold in November 2021.

New Holland Tractor

Mahindra tractor registered its sales in November 2022 by selling 29,180 units showing an 11.83 % hike compared to last month, when it sold 26094 units. Along with this, the company also gained their market share by 2.04% in November 2022.

Tafe Ltd. sold a lump sum of 11,314 units this November compared to 10,707 units last year. These tractor sales figures show an increment of 5.67%. 

Sonalika tractor sold 7870 units in November 2022 and 8684 units in November 2021, which clearly shows a 9.37% loss in sales for November 2022. 

Escorts tractor sold 7359 units in November 2022 while it sold 6517 units in November 2021, clearly showing 12.92% growth in November 2022 sales. At the same time, the company increased its market share by 0.61%.

John Deere tractor sold 5255 units in November 2022, and its sales increased by 0.23%, while last year, the company sold 5243 units. Along with this, the company has also lost its market share by 0.49%. 

DOMESTIC TRACTOR SALES

New Holland tractor witnessed a decline of 0.73% in market share this year. The company sold 2332 tractors, with a decreasing sales of 12.20% this year, which was lower than the previous year (2656 tractors).

Kubota tractor registered a growth of 43.61% in domestic sales by selling 2,157 units in November 2022 whereas it sold 1502 units in the last month. Likewise, the company also gained its market share by 0.82%. 

Indo Farm tractor sold 516 units domestically in November 2022, and its sales declined by 4.44% as compared to the previous year, where Indo Farm sold 540 units. Along with this, Indo Farm tractor also lost its market share by 0.09% in November 2022. 

VST tractor gained its sales growth by 1.62%, but the company market share decreased by 0.03% as it sold 439 units in November 2022, as against 432 units sold in November 2021.

Preet tractor recorded a loss of 17.14% by selling 435 units in November 2022 as against 525 units during the same month of last year. And the company registered its market share of 0.64% which is 0.18% less compared to November 2021. 

Captain Tractors Pvt. Ltd. sold about 404 units of tractors this November as compared to 217 tractors sold the previous year, with an increased sales of 86.18%. The company had a market share of 0.59% this year compared to a market share of 0.34% the previous year.
Force tractor registered a 6.54% decrease in domestic sales, with 286 units sold in November 2022 against 306 units sold in November 2021. In addition, the Force company has declined its market share by 0.06%. 

ACE tractor company recorded a hike in domestic sales by selling 280 units in November 2022, which is 39.30% higher than last year when it sold 201 units. Along with this, the company registered a market share of 0.41%, which is 0.10% higher than the previous year.  

Same Deutz Fahr tractor company faced a 28.30% loss as it sold 114 tractors in November 2022 compared to 159 units in November 2021. And the company registered its market share of 0.17%, which is 0.08% less compared to November 2021. 

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