Escorts Tractors sales down 86.6% to 705 units in April'20

Escorts Tractors sales down 86.6% to 705 units in April'20

Escorts Ltd Agri Machinery Segment (EAM) in April 2020 sold 705 tractors against 5,264 tractors sold in April 2019.

Domestic tractor sales in April 2020 was at 613 tractors against 4,986 tractors in April 2019. Sales was impacted by nationwide lockdown resulting in closure of dealerships in most areas and for most part of the month. Most of the sales was recorded in last few days of the month after the exemption of sale of Agri Machinery was announced by the Union Government on 20th April. Ground situation is expected to improve further over the next few days and weeks. Overall rural sentiments are positive because of good expected output of Rabi crop and a favourable initial prediction of monsoons this year. Opening of mandis, aggressive procurement of crops by Government, and gradual opening of banks and NBFCs are positive indicators for near term recovery in demand. Going forward, we expect tractor industry to recover faster as compared to some other sectors.

Exports tractor sales for the month of April 2020 was at 92 tractors as against 278 tractors sold in April 2019.

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एस्कॉर्ट्स ने फरवरी 2021 में बेचे 11 हजार 230 ट्रैक्टर

एस्कॉर्ट्स ने फरवरी 2021 में बेचे 11 हजार 230 ट्रैक्टर

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महिंद्रा ट्रैक्टरों की बिक्री में 24 फीसदी की वृद्धि

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Sonalika Tractors sales grew by 35.5% in last 11 months; Surpasses 1 lakh Domestic Tractor Sales

Sonalika Tractors sales grew by 35.5% in last 11 months; Surpasses 1 lakh Domestic Tractor Sales

Sonalika has intensified its performance in FY’21 to record its highest ever cumulative domestic tractor sales of 1,06,432 tractors in just 11 months and register growth of 35.5% as compared to same period last year. The splendid accomplishment also denotes the fastest ever 1 lakh tractor sales among all tractor brands in domestic market since inception. India’s fastest growing tractor brand, Sonalika hasoverall sold 11,821 tractors in Feb’21, as compared to 9,650 tractors sold in Feb’20 New Delhi, 1st March’21:Keeping pace with its trend of registering robust performance month after month throughout in FY’21, Sonalika Tractors has created a new record of excellence by clocking its highest ever cumulative domestic sales of 1,06,432 tractors in just 11 months,registering growth of 35.5% as compared to same period last year. With this, Sonalika has achieved a significant landmark ofthe fastest ever 1 lakh domestic tractor sales by any tractor brand in the Indian marketsince its inception. India’s fastest growing tractor manufacturer and No.1 tractor exports brand in the country, Sonalika has overall sold 11,821 tractors in Feb’21as compared to 9,650 tractor sales same period last year. Having a formidable presence in over 130 countries across the world, Sonalika already has an access to trailblazing technologies that exist in the advanced markets and remains committed to introduce them in the Indian market in an affordable way. Sonalika’s R&D team has been working relentlessly to develop state-of-the-art tractors and implements that capitalise on farmer’s feedback and are customised as per their respective crops and geographies. While focussing on building a state specific strategy, Sonalika is fully geared up at its World’s no.1 vertically integrated tractor manufacturing plant to introduce revolutionary products going forward in year 2021. Its innovative products will be customised to exponentially increase farmer’s income level and further propel the company towards its vision of ‘Leading Agri Evolution’ across the globe. Sharing his thoughts on achieving an extraordinary feat, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “I feel overwhelmed in sharing that we have crossed our highest ever cumulative domestic sales of 1,06,432 tractors in just 11 months (April’20-Feb’21),registering growth of 35.5% as compared to same period last year. Notably, it is also the fastest ever 1 lakh domestic tractor sales by any tractor brand in the Indian market since its inception and clearly reflects on the growing trust of farmers in Sonalika. The sublime performance that Sonalika has posted month after month throughout in FY’21 is an outcome of our strategic decision to periodically launch customised tractors that are equipped with advanced yet affordable technologies.” He added, “The Indian farmers are eager to adopt smart farming techniques while addressing their varied agri requirements and increase productivity significantly. The domestic market is fast graduating towards higher HP tractors and while we fully understand dynamic market requirements, we will continue with our trend to introduce revolutionary tractors in India that will speed up farm mechanisation growth in the country.” Sonalika is fully committed to increase farm mechanisation at a rapid clip and bring farm prosperity in an affordable way. Sonalika’s heavy duty product portfolio in 20-120 HP range is being rolled out from its Hoshiarpur facility, which is powered by robotics and automation to manufacture high quality products. We also Offer Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report. Subscribe our Telegram Channel for Industry Updates- https://t.me/TJUNC Follow us for Latest Tractor Industry Updates- LinkedIn - https://bit.ly/TJLinkedIN FaceBook - https://bit.ly/TJFacebok

Mahindra Tractor Sells 27,170 Units in India during February 2021; 24% growth YoY

Mahindra Tractor Sells 27,170 Units in India during February 2021; 24% growth YoY

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for February 2021. Domestic sales in February 2021 were at 27,170 units, as against 21,877 units during February 2020. Total tractor sales (Domestic + Exports) during February 2021 were at 28,146 units, as against 22,561 units for the same period last year. Exports for the month stood at 976 units. Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 27,170 tractors in the domestic market during February 2021 with a growth of 24% over last year. Tractor demand continues to be robust with Rabi sowing at an all-time high, supported by healthy reservoir levels and higher liquidity with farmers, on account of timely and robust procurement of Kharif crops. The outlook for the industry continues to be positive given the all-time high estimates of Rabi production and strong rural cash flows. In the exports market, we have sold 976 tractors, a growth of 43% over last year." We also Offer Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report. Subscribe our Telegram Channel for Industry Updates- https://t.me/TJUNC Follow us for Latest Tractor Industry Updates- LinkedIn - https://bit.ly/TJLinkedIN FaceBook - https://bit.ly/TJFacebok

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