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According to FADA Research, March 2023 saw a total retail tractor sales of 81,067 units, representing a 3.83% increase from March 2022's 78,070 units. The report also includes a breakdown of retail tractor sales by brand, which we'll explore below.
Mahindra Tractor saw its market share increase by 3.87%, with sales rising to 17,773 units in March 2023 from 14,093 units in March 2022, representing a record high. As a result, the brand marked a 26.11% increase.
Swaraj tractor sales rose by 30.66% in March 2023 compared to March 2022, when they sold 10,791 units. The company sold 14,100 Swaraj tractor units and gained a 3.57% market share.
Sonalika Tractors March 2023 retail sales were 9,870 units, a 6.20% increase from 9,293 units in March 2022.
Escorts sold 9,009 tractors in March 2023, a 36.97% increase from the 6,577 Escorts tractors units sold in March 2022, but their market share decreased by 2.69%.
Compared to March 2022, when 7,939 units were sold, TAFE LIMITED boosted its tractor sales by 12.55% in March 2023. The company sold 8,936 TAFE tractor units and increased its market share by 0.85%.
John Deere Tractor sold 6,816 units in March 2023, a 22.74% rise from the 5,553 units sold in March 2022. The company also gained a 1.30% market share as a result.
With 5,129 units sold compared to 5,710 units in March 2022, Eicher Tractor’s sales dropped by 10.17% in March 2023. The company’s domestic market share decreased from 6.33% to 7.31% as a result.
New Holland Tractor’s sales increased by approximately 34.75% in March 2023, with 3,346 units sold compared to 2,483 in March 2022. The company’s domestic market share grew by 0.95% as a result.
Kubota Tractor saw a 0.77% increase in retail Kubota tractor sales in March 2023 but lost a 0.07% market share.
VST Tractor sold 426 units in March 2023, a decrease from the 570 units sold in March 2022, representing a 25.26% decline. The company also lost 0.20% market share as a result.
Force Tractors Ltd’s sales dropped by 20.24% in March 2023, with 390 units sold compared to 489 Force Tractors units in March 2022.
Indo Farm Tractor retail sales in March 2023 were 332 units, down from 457 units in March 2022, representing a 27.35% decline.
Preet Tractor sold 309 units in March 2023, down from 473 Preet Tractor in March 2022, representing a 34.67% decline. The company also lost 0.23% market share as a result.
Other tractor manufacturers sales plummeted by 77.13% in March 2023, with 2,676 units sold compared to 11,702 units in March 2022.
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