Domestic Tractor Sales Increase By 40.6% in April’22; 89201 Units Sold

In April’22, Domestic Tractor sales increased by 40.59%. The total tractor sales in April 2022 stood at 89201 units against total tractor sales in April 2021, 63447 units. And, here we are showing a tractor brand-wise sales report that will show you an apparent picture of the tractor brand's sales. Have a look down below. 

Tractor Brand’s Domestic Sales Report, April 2022

Mahindra tractor registered the sales with 50.80% growth in April 2022. Mahindra Tractors sold 39405 units in April 2022, and in April 2021, they sold 26130 units. Besides this, Mahindra added 2.99% to its market share this month. 

President of Agricultural Equipment Sector, Mahindra & Mahindra Limited, Mr Hemant Sikka, said - “We have sold 39405 unit tractors in the domestic market during April 2022, which is 51% more than last year. Our market has seen decent growth due to good market demand. There has been a good improvement in Rabi harvesting in all the markets. Between the prevailing global situation and the high export of wheat from India, the Indian wheat crop demand has been very high, and this is getting the farmers higher prices than the MSP in the open market. Besides, oilseeds are fetching higher market value in the domestic market. Both IMD and Skymet have predicted a normal monsoon for this year, which is very good for the upcoming Kharif season. It is also expected to give good sales to the tractor industry.”

TAFE Group tractor sales increased in the domestic market by 50.47%. The company sold 16817 units of tractors in April 2022 against 11176 units in April’21. Additionally, TAFE Group also raised 1.24% of its market share in April 2022. 

Sonalika Tractors registered a 43.46% growth in domestic tractor sales. However, Sonalika’s April 2022 tractor sales noted down by 10217 units, and in April 2022, tractor sales were 7122 units. And Sonalika tractors registered a 0.23% growth in market share. 

Joint Managing Director of Sonalika Tractors, Mr Raman Mittal, shared his thoughts, “It is exhilarating to start the Q1 FY’23 with the highest-ever April month overall sales of 12,328 tractor units with the best ever April domestic sales. With tremendous 43.5% growth in the domestic market, we have surpassed industry growth of est. 41% even at such high growth levels, and this has certainly set the course for us in this year. I am grateful to our customers for this incremental trust level in our technologically advanced and customized tractors and our channel partners who remain committed with us to deliver better than the best globally.”

Escorts Group also recorded a 20.20% growth in domestic tractor sales, from 7676 units in April 2022 to 6386 units in April 2021. But, its market share declined by 1.46%.

Escorts said, “Due to the constant harvesting in many states and the current global geopolitical environment, farmers are getting better crop prices this time than the Minimum Support Price (MSP). Instead, the Meteorological Department has also predicted a normal monsoon with the chance of good rains in July. Considering all these factors, if sowing is done on time this year, we expect the company to have good retail sales in the upcoming two months. However, though we have hiked the prices of agri machinery in April 2022, inflationary pressure on commodity prices continues to cause concern for the company.” 

John Deere Tractors registered an 8.40% growth in domestic tractor sales, from 6992 units in April 2022 to 6450 units in April 2021. But, its market share decreased by 2.33%.

New Holland Tractors reported a growth of 39.63% in domestic tractor sales, by selling 3224 units in April’22 against 2309 units on April 21. And the company's market share decreased by 0.02%.

Kubota Tractors recorded domestic tractor sales of 2245 units on April 22, against 1456 units sold during April 2021, registering a growth of 54.19%. Accordingly, the company's market share escalated by 0.22%.

Indo Farm Tractors declared a decent growth of 5.66% in domestic tractor sales. In addition, the company recorded its April sales figures, with 560 units sold in April 2022 against 530 units in April 2021. But, the tractor company also saw a reduction in its total domestic market share by 0.21%. 

Preet Tractors domestic sales noted 531 units in April 2022, and it registered 520 units in April 2021. They reported a slight growth of 2.12% in sales. The Preet Tractors market share decreased by 0.22%.

VST Tractors Brand faced a decline rate in domestic tractor sales by 10.76% in April 2022 by selling 423 units comparatively 474 units in April 2021. As a result, the company's market share decreased by 0.27%. 

Force Tractors domestic tractor sales increased by 1.30%. With this, the company lost 0.17% of its market share. They sold 391 units in April 2022 against 386 units in April 2021.

Captain Tractors domestic tractor sales registered a growth of 36.61%. The company sold 347 units in April 2022, against 254 units in April 2021. But, the Captain Tractors market share decreased by 0.01%.

ACE Tractors has shown a significant rise of 233.78% in total sales. ACE Tractors recorded domestic sales of 247 tractors in April 2022 against 74 tractors in April 2021. This growth helps them to add 0.16% to their total market share.

SDF Tractors recorded 126 unit sales in April 2022 and, on the other hand, 180 units sold in April 2021. As a result, it shows a 30.00% decline in SDF Tractors domestic sales. Along with this, SDF Tractors also lost its market share by 0.14%. 

Tractor Junction also offers a Monthly Subscription to Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. So, stay connected with us for a detailed report.

Tractor Junction also Offer a Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report.

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