November 6, 2023, the Federation of Automobile Dealers Associations of India (FADA) revealed the tractor sales report. The sales data shows a 6.15% increase in tractor sales in October 2023 against the volume of tractors sold in October 2022.
Moreover, in October 2023, 62,440 tractors were sold, which is higher than the 58,823 tractors sold in October 2022. These figures prove that October 2023 was a profitable month for tractor manufacturers.
Retail Tractor Sales Report October 2023: Brand Wise Data
Mahindra & Mahindra tractor division sold 14,180 units in October 2023. This sales volume was higher than the 13,024 tractors sold in October 2022. As a result, the brand saw an 8.88% increase in sales.
Mahindra & Mahindra Ltd. Swaraj Tractor Division sold 11,054 tractors in the retail sales of October 2023. This marked a significant increase of 16.46% against the 9,492 units sold in October 2022. Also, the company’s market share was registered at 17.70%.
TAFE TRACTORS LIMITED observed a positive growth of 6.20%, with 8,671 tractors sold in October 2023 as compared to 8,165 tractors sold in October 2022.
INTERNATIONAL TRACTORS LIMITED saw an increase in sales in October 2023 by selling 7,690 tractors, higher than the 6,516 tractors sold in October 2022. This led to an 18.02% increase in sales, and their market share stood at 1.24%.
In the retail tractor sales of October 2023, Escorts Tractors Limited sold 6,261 units. As a result, the figures show a 13.67% increase against the 5,508 units sold in October 2022.
The retail tractor sales of John Deere Tractor recorded 4,579 tractors in October 2023. This data marked a slight dip of 0.76% in sales as compared to the 4,614 units sold in October 2022.
Eicher Tractor registered retail tractor sales of 4,267 units in October 2023, marking a 16.78% increase in comparison to the 3,654 tractors sold in October 2022.
In October 2023, CNH Tractors Industrial sold 2,476 units in retail tractor sales, which is higher than the 2,345 units sold in October 2022. As a result, the company witnessed a growth of 5.59%.
Kubota tractors sold 1,091 units in retail tractors in October 2023. This led to a noteworthy decline as compared to the October 2022 sales, which was 1,401 tractors. Therefore, Kubota tractors saw a 22.13% decrease. At the same time, its market share dipped by 0.63%.
VST Tractors Tillers noted a decline in retail tractor sales in October 2023, with 298 tractors sold as compared to 523 units sold in October 2022. This is why the company observed a 43.02% decline in sales.
In retail tractor sales of October 2023, Force Tractor Motors Limited faced a dip in sales due to 232 tractors sold. Therefore, the brand faced an 8.30% decline as compared to the 253 tractors sold in October 2022.
Retail sales for other tractor brands in October 2023 registered at 1,641 units, leading to a 50.69% drop against 3,328 tractors sold in October 2022.
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