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DOMESTIC WHOLESALE TRACTOR SALES INCREASED BY 47.35% IN MAY 2022; SOLD 81,940 UNITS

DOMESTIC WHOLESALE TRACTOR SALES INCREASED BY 47.35% IN MAY 2022; SOLD 81,940 UNITS
Posted - July 12, 2022 Share Post

According to the OEMs report, total wholesale domestic tractor sales increased by 515.3% as sold 81,940 units in May 2022 against 55,609 units sold in May 2021. As follows here, we are showing the complete brand sales statistics for May 2022. 

New Holland Tractor

Domestic Brand wise Tractor Wholesale sales in May 2022

M&M Group sold 34,153 units and registered 49.5% growth in May 2022, while the company sold 22,843 units in May 2021. In addition, the Mahindra farm equipment group recorded its market share with a 41.7% hike which is 0.6% higher than May 2021. 

TAFE Group records a decent sales growth of 67.6% in May 2022. The company sold 15926 units in May 2022, which is 6421 units higher than 9,505 units sold in May 2021. As a result, the company registered its market share of 19.4%, which is 2.3% higher than last year. 

Sonalika tractor also shows a 38.2% hike in May 2022 by selling 9,493 units, whereas it sold 6867 units in May 2021. While the company loses its market shares by 0.8%.

Escorts Group sold 7,667 units in May 2022, which is 1,509 units higher than May 2021, where the company sold 6,158 units. This positive change recorded a sales growth of 24.5%. After a good sales hike, the Escorts company records its market share of 9.3%, which is 1.8% less than last year. 

John Deere sold its 7,160 tractor units in May 2022, which shows 65.7% growth compared to 4,321 units in May 2021. Also, the company increases its market share by 0.9%. 

New Holland recorded its domestic sales with 30.5% growth against last year, where the company sold 2,189 units. Apart from sales growth, the company gains a 3.5% market share which is 0.4% lesser than last year. 

Kubota tractor units registered a 40.8% sales growth by selling 1,946 units in May 2022 compared to 1,382 units sold in May 2021. But Kubota tractor loses its market share by 0.1%. 

Preet tractor sold 559 units in May 2022 and registered a 6.5% hike against May 2021, where the company sold 525 units. The Preet tractor records its market share of 0.7%, which is 0.2% lesser than May 2021. 

Indo Farm domestic tractor sales recorded with a 13.6% growth as it sold 577 units, whereas it sold 508 units in May 2021. The company loses its market share by 0.2%. 

VST Tractor sales increased by 3.0% by selling 511 units in May 2022. But the company's market shares decreased by 0.3%. 

Captain tractor sold 463 units and increased sales by 6.9% in May 2022, while it sold 433 units in May 2021, which was clearly 30 units lesser than the current year. On the other side, the company lost its market share by 0.2%. 

Force tractor recorded its sales which is increased by 84.6%, as it sold 323 units in May 2022 against 175 units sold last year. As a result, the company gains its market share by 0.1%. 

ACE tractor recorded a decent sales growth in May 2022 of 90.5% by selling 221 units. Also, the ACE tractor company increased its market share by 0.1%. 

Same Deutz Fahr recorded a loss in May 2022, sales of 6.6% by selling 85 units, while the company sold 91 units in May 2021. As a result, the company also lost its market share by 0.1%

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