• Home
  • News
  • Tractor News
  • Sonalika Group's Executive Director Joined ET Auto Panel Discussion Along With Other Auto Industry Leaders And Experts.

Sonalika Group's Executive director Joined ET Auto Panel Discussion along with other auto industry leaders and experts.

Sonalika Group's Executive director Joined ET Auto  Panel Discussion along with other auto industry leaders and experts.

31 July, 2018

Various automobile industry leaders on Wednesday expressed confidence in the growth of the overall sector in the ongoing fiscal, fuelled by upward trending GDP, higher disposable income and revival in rural demand, among others.

In a panel discussion at the ET Auto CEo outlook conducted today, experts including Charles Frump, MD Volvo Car India, Pankaj Dubey, MD Indian Motorcycle and Raman Mittal, Executive Director Sonalika Tractors discussed the growth opportunities and challenges lying ahead in the fiscal year 2019. 
Frump said the last year has been very encouraging and the same momentum is expected to continue during the ongoing fiscal considering there is no major policy change that has happened so far.

"There is a rising demand for the luxury cars and that will also help drive the overall sales" he added.

Echoing similar sentiments,Rakesh Batra, National Leader Automotive Practices, EY said if you look at the overall economy there are positive sentiments, the GDP growth in the last few quarters is trending upwards, the rural regions is growing with the tractor industry in the fifth gear is prospering.

He further said its the election year so more cash is to be handed out and more sops are to be offered which will add to the overall good growth in all segments.

A revival of the economy post-demonetization and implementation of GST is putting the country back on track. Experts are of the opinion that GDP and the economic reform programmes of the government are indicating positive signs of recovery. 

Pankaj Dubey, during the interaction said the sentiments are positive going forward and is growing quarter on quarter. Last year the base had fluctuated and more sales in March because of pre-buying that happened during the transition from BS III to BSIV emission norms. On an average the sentiments are growing.

Talking about the company, he said from 100 units a year 10 years back to 10,000 units a year today shows the growth path the industry is going through.

"The biggest factor that will drive demand will the stability on the policy front and the duty change which will help grow the industry on a continuous basis," he added.

Ashok Taneja, MD & CEO, Shriram Piston & Rings said, "Till last year auto component industry was cautiously optimistic, this year its optimistic, we were in third gear, now we are in the 4th."

With regards to the auto component industry he said the growth is also reflected in the investments the auto components industry is making.

"I do not remember in the last 10 years when every segment of the auto industry did well and today all of them are doing well and this naturally is good for component manufacturers," he said.

He further said the export markets are looking interesting as the nuts and bolts kept by the government in the past few years now seem to be in place and now we see a momentum flowing.

"The transition from BS III to BSIV has been very easy, nobody is sweating, everybody is more or less smoothly ready for the roll out of BS VI in 2020 and investments are happening behind this," he added.

Speaking on the similar lines, Raman Mittal said the rural growth story comes from the innovation we do as an organisation and that is reflected in the sales numbers.

"We have more than 6.5 lakh villages and the tractor sold are 7 lakh. Five years back industry was at 4 lakh and our market share has grown from 8 per cent to 12 per cent, which clearly speaks of the rural growth," he said adding that moving forward we are clear this industry will cross 12 lakh tractors and this year the target is 8 lakh units.

According to him, the tractor industry will grow further with good monsoon and availability of finance.

Vinkesh Gulati, Partner, United Automobiles said there is no doubt about the fact that each segment of the industry will grow in double digits.

Sohinder Singh Gill, CEO, Hero Electric India also expressed confidence in the industry's growth saying the emphasis on moving to electro mobility is also expected to add to the overall numbers.

Talking about the commercial vehicle scenario, the panelists said the growth in the segment would be impacted due to the new axle norms after which the official maximum load carrying capacity of heavy vehicles, including trucks, by 20-25% besides scrapping the mandatory annual renewal of fitness certificates for freight carriers.

They said in the short terms the new rule will create additional load capacity and hit demand. 

Batra said earlier trucks were anyway moving with overloaded goods and the new norm has kind of legalised that overloading.

Other panelists also were of the same opinion saying that the move would also hurt demand for new vehicles.

The experts, however, raised concerns on high taxation on hybrid vehicles saying they practically work as electric vehicles and do not even require the kind of infrastructure that is needed for electric vehicles.

"It makes eminent sense that taxes should be less in hybrid vehicles as they are practically working as electric vehicle. It would be a good way to move from internal combustion engines to electric vehicles," Taneja said.

Gill, who is also the Director General, Society of Manufacturers of Electric Vehicles (SMEV) said, "Personal pure EVs are little far away so it becomes obvious that the hybrids are in. Personal cars will come when there is the infrastructure but in between there is a place for hybrids which should be promoted through lower taxes."

Agreeing to the panelist, Frump said Hybrids don't even require the same kind of infrastructure as electric vehicles do so there should be no reason as to why they are kept at the highest tax bracket.

"No one buys an EV today because there is no infrastructure, no one builds the infrastructure because there is no EV so I think we need a bridge to pass that by building a demand side for hybrids first," he added.

Rakesh Batra said By adopting hybrid and allowing them to grow during this transition period, the ecosystem will have the time to get ready for the transition to electric vehicles. 

Top Tractor News

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।

महिंद्रा ने जून में बेचे 35 हजार 844 ट्रैक्टर, बिक्री में 12 प्रतिशत की वृद्धि

महिंद्रा ने जून में बेचे 35 हजार 844 ट्रैक्टर, बिक्री में 12 प्रतिशत की वृद्धि

नई दिल्ली। महिंद्रा एंड महिंद्रा के फार्म इक्विपमेंट सेक्टर (एफईएस) ने जून 2020 में घरेलू ट्रैक्टर बाजार में 35 हजार 844 यूनिट बेचकर बिक्री में 12 प्रतिशत की वृद्धि दर्ज की है। यह अब तक की दूसरी सबसे बड़ी बिक्री है। कंपनी ने पिछले साल जून में 31,879 यूनिट बेची थी। वहीं कंपनी के निर्यात में गिरावट दर्ज की गई है। जून 2019 की 1215 इकाइयों के मुकाबले जून 2020 में 700 इकाइयों का निर्यात किया गया है। इस हिसाब से निर्यात में 42 फीसदी की गिरावट आई है। जून 2020 में कंपनी की ट्रैक्टरों की कुल बिक्री 36,544 इकाइयां रही है, जो जून 2019 की 33,094 इकाइयों से 10 प्रतिशत अधिक है। प्रबंधन ने अपने बयान में कहा है कि समय पर दक्षिण-पश्चिम मानसून के आगमन की संभावना, रबी फसलों की रिकॉर्ड पैदावार, किसानों के लिए सरकारी नीतियां और खरीफ फसल की अच्छी बुवाई के कारण किसानों में सकारात्मक माहौल बना है। कुल मिलाकर वित्त वर्ष 2021 की पहली तिमाही के दौरान महिंद्रा ट्रैक्टर की बिक्री में 22.2 प्रतिशत की गिरावट दर्ज की गई है। महिंद्रा वर्ष 2020 वर्ष 2019 परिवर्तन (प्रतिशत में) अप्रैल 4616 27495 -83.2 मई 24017 23539 2.0 जून 35844 31879 12.4 पहली तिमाही 2020 64477 82,913 -22.2 ग्रामीण बाजारों में बेहतर नकदी प्रवाह के साथ इन अंतर्निहित कारकों ने जून के दौरान ट्रैक्टर की मांग को बढ़ाने में मदद की है। उम्मीद की जा रही है कि आने वाले महीनों में भी यह मांग बनी रहेगी। कुल मिलाकर, एम एंड एम की कुल बिक्री में पिछले साल की तुलना में 50 प्रतिशत से ज्यादा गिरावट देखी गई है। एम एंड एम ने जून 2019 में यात्री, वाणिज्यिक और उपयोगिता वाहन मिलाकर 42 हजार 547 इकाइयां बेची थी जबकि जून 2020 में 19,358 इकाइयां बेची है। एम एंड एम में ऑटोमोटिव डिवीजन के मुख्य कार्यकारी अधिकारी विजेय नकड़ा के अनुसार ऑटोमोटिव उद्योग ने यात्री और छोटे वाणिज्यिक वाहन खंडों दोनों में सुधार की गुंजाइश को देखना शुरू कर दिया है। देशभर में बढ़ती ग्रामीण मांग और आवश्यक वस्तुओं की आवाजाही से बाजार में भारी सुधार होगा। कंपनी के प्रमुख ब्रांड जैसे बोलेरो, स्कॉर्पियो और पिक-अप आदि सभी में अच्छी मांग की उम्मीद 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।

Mahindra Tractors Records Second Highest June Sales Ever

Mahindra Tractors Records Second Highest June Sales Ever

Mahindra & Mahindra’s farm equipment sector (FES) reported 12 percent year on year (YoY) growth in domestic tractor sales at 35,844 units in June 2020 as against 31,879 units sold in June last year. This is the second highest June sales ever, the company said. Meanwhile, its export shipments declined 42 per cent during the month at 700 units as against 1,215 units in the same month last year. The company’s tractors' total sales for the month were at 36,544 units, up 10 per cent from 33,094 units in June last year. "Timely arrival of the south west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop have led to positive sentiments among farmers," the management said in its statement. Overall 22.2% drop in Mahindra Tractor sales during Quater 1 for GY'21. Mahindra Year 2020 Year 2019 %Change April 4616 27495 -83.2 May 24017 23539 2.0 June 35844 31879 12.4 Q1 64477 82913 -22.2 These underlying factors along with better cash flows in rural markets have helped boost tractor demand during June. It is expected that this demand will continue to remain buoyant in the coming months, it said. Overall, M&M's total sales including passenger, commercial and utility vehicles, more-than-halved to 19,358 units compared to 42,547 units sold in June last year. "The automotive industry has started to see recovery both in the passenger and small commercial vehicle segments. This has been led primarily by rising rural demand and movement of essential goods across the country. The company’s key brands such as Bolero, Scorpio and Pik-Ups, are all seeing good traction," said Veejay Nakra, Chief Executive Officer, Automotive Division, at M&M.

close Icon

Find Your Right Tractor and Implements

New Tractors

Used Tractors

Implements

Certified Dealer Buy Used Tractor