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FADA released Retail Tractor Sales Data on June 10, 2024. The figures show that 70,065 tractors were sold in May 2024, down from the 70,813 units sold in May 2023. As a result, tractor sales in India decreased by -1.06% in May 2024.
In May 2024, Mahindra Tractor saw an increase in tractor sales, with 15,926 units sold, exceeding the 15,836 units sold in May of the prior year. Sales rose by 0.57%. However, despite the increase in sales, the company's market share dropped by 0.37% in May 2024.
In May 2024, Swaraj Tractor, a division of Mahindra & Mahindra, saw a 2.48% growth in sales compared to May 2023. Sales rose to 13,093 units from 12,776 units the previous year. Additionally, Swaraj Tractor's market share increased by 0.65%.
Sonalika Tractors, also known as International Tractors Limited, also saw positive growth. The company saw a 4.30% increase in tractor sales in India, selling 9,225 units compared to the 8,845 units sold in May 2023. It also saw a rise in its market share by 0.68%.
TAFE Tractors Limited saw a decrease in its market share of 0.46%. In May 2024, the company's retail tractor sales decreased by 4.67%, with 8,515 units sold, down from 8,932 units in May 2023.
In May 2024, Escorts Tractor sold 7,655 units, exceeding the 7,671 units sold in May 2023. This shows a decrease of 0.21% in sales and 0.10% in the company's market share.
John Deere Tractor saw a slight drop in sales, with 5,149 units sold compared to 5,140 units sold in May 2023. This shows a 0.18% increase in tractor sales compared to the year before. Additionally, the company's market share rose 0.09% in May 2024.
In May 2024, Eicher Tractors sold 4,461 units, surpassing the 4,507 units sold in May 2023. Sales decreased by 1.02%, and market share declined by 0.01%. Nevertheless, sales are anticipated to increase in the coming years.
CNH Tractors INDUSTRIAL (INDIA) PVT LTD reported 2,898 units sold in May 2024, compared to 2,861 units sold in May 2023. This information reveals an increase of 1.29% in May 2024. Furthermore, the company also increased its market share by 0.10% in the same month.
Kubota Tractor experienced a decrease in tractor sales in May 2024 compared to May of the previous year. In May of this year, 1,157 units were sold, compared to 1,643 units sold in May of the previous year. There was a 29.58% decrease in sales and a drop of approximately 0.67% in market share compared to the previous year.
Furthermore, other brands saw a sales decline of 23.67% in May 2024. In May 2024, 1,986 tractors were sold, which is lower than the 2,602 units sold in May 2023. As a result, the market share also declined by 0.84% during that month.
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