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ITL continues to be No.1 Tractor brand in Exports ; Robust Exports Growth of 108% registered in July’19

ITL continues to be No.1 Tractor brand in Exports ;  Robust Exports Growth of 108% registered in July’19

12 August, 2019

New Delhi, 12th August’19: India’s fastest growing and youngest tractor brand, International Tractors Limited, makers of Sonalika and Solis brand, continues to be the No.1 tractor company in Exports. ITL has recorded phenomenal Exports growth of 108% in July’19 by billing 1861 tractors against 906 tractors in same period last year making cumulative sales of 5155 tractors from April’19-July’19.

Commenting on phenomenal growth, Dr. Deepak Mittal, Managing Director, ITL Group stated, “We are delighted to surpass our previous record and have secured No.1 position in Exports with a triple digit growth of 108% in July’19. With current performance ITL now stands as number one in Exports from India for current Financial Year from April to July’2019. Our focus on providing customized Agri solutions has led us to be one of the fastest growing tractor brands in the World. Strategic partnerships with international brands like Yanmar (Japan) and Argo (Italy) has further supported us to expand much faster in the global space especially the European, USA & SAARC markets.  The entry into USA market is a major milestone for the company along with new range of product launched in Nepal, Bangladesh & European continent.

He added, “Following our customer centric approach, we are consistently working to introduce the best farming solutions  and offer best after sales service support to our valued customers which has led us to gain trust of over 1 Million Farmers in over 120 countries globally. We have also inaugurated a centralized spare parts distribution center in Germany in collaboration with Yanmar to facilitate quick service support in Europe.

The Company has been a pioneer from India in introducing newer technologies like CRDi technology & Narrow Trac & compact tractors complying with the most stringent European and American emission norms. ITL is the only Indian company to export to all the European countries, making it the top Indian brand in Europe.

ITL takes pride in being the No.1 brand in Africa apart from being market leaders in countries like Algeria, Bangladesh, Nepal and Myanmar. I appreciate the trust that the farmers globally have bestowed upon our products & I am confident that we will continue to surpass their expectations.

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India’s Tractor Export June'20 decline by 7%

India’s Tractor Export June'20 decline by 7%

The Indian Tractor industry recorded exports of over 5,760 units during June'20. While we saw a massive growth of 23% in domestic tractor sales, tractor exports registered a decline of 7% in June'20 v/s June'19. The major tractor export markets of the ‘Made-in-India’ tractors are US, Nepal, Bangladesh, Mexico and Italy. - International Tractors Limited (Sonalika & Solis) maintain no.1 position of tractor exporter in June'20 and also registered a growth of 3.43% with 1509 Units. - New Holland Tractors grew an impressive 50% YoY and was the second-best tractor exporter for the month. It was able to increase its export Market Share to 19.32% in June’20 v/s 11.96% in June’19. - John Deere was able to grow slightly in terms of export market share in June’20. John Deere Export 941 units in June’20 v/s 972 units in June'19, a decline of 3.2% - Tafe Group export 820 tractor units in June'20, which is 7% lower than the June'19 - World's No.1 Tractor Manufacturer Mahindra Tractor exports only 700 units in June'20 v/s 1215 units in June'19. It also registered a Market Share fall of -7.5% in June’20 v/s June’19!

Record Braking Tractor Sales in June 2020: Overall 22.45% Jump in Sales.

Record Braking Tractor Sales in June 2020: Overall 22.45% Jump in Sales.

Indian Tractor industry bounce back in June’20 and records the highest sales in June ever. Domestic sales were 92,888 units in June’20 against the 75,859 units in June’19, registered 22.5% growth .The surge in sales has been attributed to a robust rabi harvest, the timely arrival of the monsoon to aid Kharif sowing, and government sops such as direct benefit transfers. Mahindra Tractors (Mahindra+ Swaraj) Records Second Highest June Sales Ever. Mahindra recorded 35844 unit sales in June 2020, whereas in June 2019, Mahindra domestic sales were 31879 units. This displays that Mahindra sales increased by 12.44%. But they lost their market share with 3.44% in this month. Meanwhile, its export shipments declined 42 percent during the month at 700 units against 1,215 units in the same month last year. The company tractor total sales for the month were at 36,544 units, up 10 percent from 33,094 units in June last year. In June’20, Mahindra Tractor loses a 3.44% market share. TAFE Group ( Massey Ferguson + Eicher ) sales recorded 35.26% growth, which is quite impressive. In June 2019, TAFE sales were 14109 units, and in June 2020, it was recorded at 19084 units. That shows 4975 unit growth. Along with this, Tafe also gained ~2% market share this month. Sonalika Tractors outpaces industry by 2.4X times and with a new record of ever highest domestic sales of 13,691, registering 55% growth against the industry growth of 23%. Sonalika domestic sales recorded 13691 units in June 2020, and it recorded 8827 units in June 2019. They also gained 3.10% market share during June’20. Speaking on the performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Beginning of Q1 this year when the first-ever lockdown was announced. A company had decided to put all our energies with a positive effort not to de-grow in Q1. Today, the entire team is proud that we have not just achieved our goal but also have registered an overall growth of 5% in Q1, which is highest for the industry. Escorts Tractor matched the overall industry growth of ~23% in June’20. Escorts sold 1975 units more in June 2020 in comparison to June 2019. In June 2020, Escorts domestic sales were 10623 units, and in June 2019, it was 8648 units. Escorts Company said in a release, “We have seen unprecedented demand this month. The industry is expected to grow significantly backed by pent-up demand of the lockdown period, better farmer sentiment due to good monsoon prediction reflected in better than normal Kharif sowing, better rural cash flows owing to record crop output and crop prices, and reasonably good availability of retail finance. The industry growth is widespread, with positive growth in almost all markets, barring one or two. Our inventory levels, both with the company and with channel have been lowest ever. After necessary permissions, we were able to run our factories in multiple shifts to achieve production at about 90% of the capacity. Supply chain situation, though better than before, continues to remain volatile." John Deere Tractor is continued to lose market share for the past few months. Still, John Deere is running sort of supply as they are unable to the mange supply chain in India. John Deere tractors domestic sales were dropped by 12.30% from 6683 units to 5861 units in June 2020. Due to lose in sale John Deere looses 2.50% market share in June’20. New Holland Tractor Records Highest June Sales Ever. After a decline in April & May Month, New Holland Tractor recovered with 50% sales jump in June 2020. New Holland recorded 3845 unit tractor sales in June 2020, which is 49.73 % higher than tractor sales recorded in June 2019. New Holland also added a 0.75% market share in last month. In June 2020 Kubota tractor sales recorded 1428 units, 50.16% higher than tractor sales recorded in June 2019. Kubota also added a 0.28% market share this month. VST Tractor - 789 units tractor sales recorded in June 2020, and in June 2019, Vst domestic tractor sales recorded 644 units. This clearly shows a 22.52% increase in Vst domestic tractor sales. Captain Tractor also gained 50.14% in its domestic sales this month. Captain tractor domestic sales recorded in June 2020 were 518 units and in June 2019 were 345 units. They also acquire a 0.10% market share. Indo Farm Tractor domestic sales were 303 units in June 2020, and it was recorded 210 units in June 2019. That is a clear rise of 44.29% domestic tractor sales of Indo Farm Company. Force Tractor domestic sales were 263 units in June’20, and it recorded 283 units in June’19, which indicates 7.07% of the drop in the tractor sales. Ace Tractor increased 30.61% of domestic sales in this month, which is a good sign for the Ace Tractor Company. ACE tractor domestic sales were 256 units in June’20, and it recorded 196 units in June’19 Preet Tractor domestic tractor sales increased by 43.26% to 202 units in FY20 against 141 units in FY19. Same Deutz Fahr Tractor Company faces a massive decrease in domestic tractor sales. Sales dropped by 51.73% in June 2020. SDF sold only 181 Tractor in June’20 against 375 Units sold in June’19. Crisil has said that despite a 37% year-on-year decline in volumes in April and May, FY21 tractor sales will likely be just 1% below last fiscal’s numbers, in sharp contrast to a double-digit fall estimated for other vehicle sales. It had earlier estimated an 11-13% fall in tractor sales in FY21.

Sonalika Tractors domestic sales grow 55% to 13,691 units in June'20 , exports up 3.4%

Sonalika Tractors domestic sales grow 55% to 13,691 units in June'20 , exports up 3.4%

Crosses all-time highest milestone with overall sales of 15,200 tractors & 15.4% market share Strengthens No.1 position in Exports India’s one of the leading tractor manufacturing brand & No.1 Exporter from the country, Sonalika Tractors outpaces industry by 2.4X times and with a new record of ever highest domestic sales of 13,691, registering 55% growth against the industry growth of 23% and overall sales of 15,200 tractors & 15.4% market share in June’20. Speaking on the performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Beginning of Q1 this year when the first-ever lockdown was announced we as a company had decided to put all our energies with positive effort to try not to de-grow in Q1. Today, the entire team is feeling proud that we have not just achieved our goal but also have registered an overall growth of 5% in Q1 which is highest for the industry. It is a matter of great pride for us that not only in tractor industry but also in the automotive, two-wheeler and CV industry, Sonalika is the only company to register maximum growth in these tough times. We are extremely delighted with the overall robust performance in June’20 with 15200 tractors which is our highest ever.” Overall in Quater 1 of FY21 Sonalika tractor sales registered 5.37% growth in the domestic market. Sonalika Tractor Year 2020 Year 2019 Growth% April 749 5612 -86.65 May 7640 6515 17.26 June 13691 8827 55.10 Quarter 1 22080 20954 5.37% Commenting on the winning strategy he added, “The key to our success rests on 4 areas: First, our investment in the largest vertical integrated manufacturing unit which has helped us to ramp up our production within a very short span. We had already reached 80% utilization in Wk4 May itself and in June we continued to operate at optimum level. Second, being a tech savvy company, our entire supply chain is technologically enabled. We have a complete end to end supply chain management solution in-house. All our 24 depots spread across the states are inter-connected enabling us to keep a track of the tractor delivered on real time basis and we manage our production as per the consumption. This has helped us to maintain optimum level of stocks across our depots and dealerships. Third, our focus to keep innovating, developing and launching new product continued during the time of COVID19. We had a series of new products that were launched during this period, which have helped the farmers immensely to increase their productivity, reflecting in volume gain for our tractors. Fourth, we keep strengthening our coverage. Last year, we widened our existing network of channel partners and are continuing to do so even now. With this we have the largest network of channel partners, as wherever there was a business opportunity our teams were present to capitalize on the same.” Speaking on Sonalika’s future plans, he said, “The tractor demand and farmer’s sentiments have picked up on account of various conducive factors like government initiatives including increase in MSP price, favorable monsoons and bumper sowing of summer crops. The farmers are happy with the money in their hands-on account of a good rabi harvest. This positive sentiments are expected to continue and we are well-positioned to gain from the same. We are the no.1 brand in exports from India, thus making our Nation proud globally. We take pride as Indians and are ready to challenge any situation with Sonalika’s Passion and Unstoppable spirit. All our efforts and actions are set to continue on this growth journey for our great Nation”.

एस्कॉर्ट्स ने जून में 23 प्रतिशत ज्यादा ट्रैक्टर बेचे

एस्कॉर्ट्स ने जून में 23 प्रतिशत ज्यादा ट्रैक्टर बेचे

नई दिल्ली। कोरोना लॉकडाउन का असर अब धीरे-धीरे बाजारों से कम होने लगा है। ट्रैक्टर उद्योग में कई कंपनियों ने अपनी बिक्री में वृद्धि दर्ज की है। एस्कॉर्ट्स ट्रैक्टर ने जून 2020 में पिछले साल के मुकाबले घरेलू बाजार में 23 प्रतिशत ज्यादा ट्रैक्टर बेचे हैं। जून 2020 में एस्कॉर्ट्स की घरेलू बाजार में ट्रैक्टर बिक्री 22.8 प्रतिशत वृद्धि के साथ 10,623 यूनिट दर्ज की गई। जबकि कंपनी के निर्यात में 26.9 प्रतिशत की गिरावट आई है। कंपनी ने 228 यूनिट्स का निर्यात किया है। जून 2020 में कुल ट्रैक्टर की बिक्री में मई 2020 की तुलना में 64.6 प्रतिशत का उछाल आया है। एस्कॉर्ट्स ने मई 2020 में 6,554 इकाइयां बेची थी। कंपनी ने एक विज्ञप्ति जारी कर बताया कि हमने इस महीने में अभूतपूर्व मांग देखी है। उद्योग को उम्मीद है कि लॉकडाउन अवधि के बाद अब मांग में काफी वृद्धि होगी। सामान्य मानसून की भविष्यवाणी के कारण खरीफ बुवाई को लेकर किसानों की धारणा पहले से बेहतर है। फसल उत्पादन और फसल की कीमतों के कारण ग्रामीण इलाकों में बेहतर नकदी प्रवाह बना हुआ है। साथ ही खुदरा वित्त की यथोचित अच्छी उपलब्धता है। एक या दो सेक्टरों को छोडक़र सभी उद्योगों में सकारात्मक वृद्धि के संकेत है। हमारी इन्वेंट्री का स्तर, कंपनी और चैनल दोनों के साथ सबसे कम रहा है। आवश्यक अनुमति के बाद हम अपने कारखानों को 90 प्रतिशत क्षमता के साथ कई शिफ्टों में चलाने के लिए सक्षम हुए। आपूर्ति श्रृंखला की स्थिति, हालांकि पहले से बेहतर है लेकि अस्थिर बनी हुई है। एस्कॉर्ट्स ट्रैक्टर की बिक्री वित्त वर्ष 2021 की पहली तिमाही में पिछले वित्त वर्ष 2020 की तुलना में 12.1 प्रतिशत घट गई है। एस्कॉर्ट सेल्स वर्ष 2020 वर्ष 2019 प्रतिशत में परिवर्तन अप्रैल 613 4986 -87.7 प्रतिशत मई 6454 6488 0.5 प्रतिशत जून 10623 8648 22.8 प्रतिशत पहली तिमाही 17690 20122 -12.1 प्रतिशत पिछले तीन महीनों में एस्कॉर्ट्स के शेयरों ने 76.36 प्रतिशत की गिरावट दर्ज की है, जबकि निफ्टी ऑटो इंडेक्स में 44.27 प्रतिशत की बढ़ोतरी हुई है। एस्कॉर्ट्स की रिपोर्ट के अनुसार मार्च 2019 की चौथी तिमाही की तुलना में मार्च 2020 की चौथी तिमाही में समेकित शुद्ध लाभ 9.71 प्रतिशत की वृद्धि के साथ 127.73 करोड़ रुपए है। साथ ही 15.97 प्रतिशत की गिरावट के साथ शुद्ध बिक्री 1385.65 करोड़ रुपए है। उल्लेखनीय है कि एस्कॉर्ट्स समूह एक भारतीय इंजीनियरिंग कंपनी है जो कृषि-मशीनरी, निर्माण और सामग्री हैंडलिंग उपकरण और रेलवे उपकरण के क्षेत्रों में काम करती है। अगर आप अपनी कृषि भूमि, अन्य संपत्ति, पुराने ट्रैक्टर, कृषि उपकरण, दुधारू मवेशी व पशुधन बेचने के इच्छुक हैं और चाहते हैं कि ज्यादा से ज्यादा खरीददार आपसे संपर्क करें और आपको अपनी वस्तु का अधिकतम मूल्य मिले तो अपनी बिकाऊ वस्तु की पोस्ट ट्रैक्टर जंक्शन पर नि:शुल्क करें और ट्रैक्टर जंक्शन के खास ऑफर का जमकर फायदा उठाएं।

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