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India’s Tractor Export Yearly Report 2019-20 – Export decline by 17.5% in FY 2020

India’s Tractor Export Yearly Report 2019-20 – Export decline by 17.5% in FY 2020

19 April, 2020

The Indian Tractor industry recorded exports of over 76,054 units between April 2019 – March 2020.
In India Tractor exports registered a decline of 17.5% in FY20 v/s FY19. The major tractor export markets of the ‘Made-in-India’ tractors are US, Nepal, Bangladesh, Mexico and Italy.

International Tractors Limited (Sonalika) become no. 1 in Tractor Export during FY20, John Deere lost position. Sonalika exports 18078 units to its export market. Sonalika’s growth in sales is -3 units but still manages to grab 23.8% MS in export which is 4.2% higher than FY19 because of overall export decline 17.5%.

John Deere India lost no.1 tractor export position to Sonalika as export decline by 19.8% in FY 20 stood to 15867 units v/s 19772 units in FY19.

TAFE and M&M export volumes fell double-digits in FY20, 25% and 26.9% simultaneously. Both manufacturers lost market share 1.7% each in terms of exports.  

New Holland’s export volumes fell 9.2% in FY20 but it still gains 1.1%  market share in terms of exports.

HP Wise Tractor Export in FY2020-

Same Deutz Fahr export volumes fell double-digits in FY20 (-42.2%). It lost the highest market share (-2.4%) in terms of exports.

Escorts recorded the highest YoY growth in exports by 13.2%. It clearly highlights Escorts’s increased focus on international markets. However; Escorts’s Market Share is still 5% which s 1.3% higher than the FY19

India’s major export destinations are US, Nepal, Bangladesh, Mexico and Italy. Exports from Indian farm tractors have also surged over the last decade in Argentina, Brazil and Mexico though less in terms of absolute values. Simultaneously, Indian tractor manufacturers and exporters also need to tap and concentrate on other countries in the region, like Bolivia, Chile Colombia, Ecuador, Paraguay Peru and Uruguay. These markets have good opportunities for farm tractors as their agricultural activities are significant.

 

 

India is the largest tractor market in the world and is estimated to grow at 10% annually for the foreseeable future.  It is also the largest tractor producer, accounting for about 35% of global volumes.  The major market share is garnered by the 31-50 HP segment, which accounts for 82% of sales volumes of 7,09,005 units in 2020. Although tractors are at the core of farm mechanization, farm production has gone way beyond simply utilizing tractors.

Now, the emphasis is on increasing productivity by moving away from traditional farming methods to adopting other powered equipment and implements, thus becoming a prime driver of growth in this sector.  To boost this, the government is working to provide easier and smooth access to credit for farmers and developing farmer-friendly policies, tying into the new and growing trend of collaborative farming in India.

Check India's Tractor sales in FY20 - https://bit.ly/TSFY20

Check India's Tractor sales in Mar'20 - https://bit.ly/TsalesM20

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Skyscraping Tractor Sales Recorded in August 2020 - Boost up by 74.71%

Skyscraping Tractor Sales Recorded in August 2020 - Boost up by 74.71%

Domestic Tractor Sales recorded in August 2020 is 64,730 units, and in August 2019, it was 37,050 units, which boost up by 75%. Following, we are showing a brand-wise tractor sales report. Have a look. Mahindra’s tractor sales grew 69% y-o-y to 23,503 units in August from 13,871 units in the same months of the previous year. The company’s tractor exports were a tad higher at 955 units against 946 units from the year-ago period. According to Hemant Sikka, President, Farm Equipment Sector, M & M, the tractor industry growth remained strong in August on continued positive sentiment due to improved Kharif sowing this year. We are thereby indicating a bumper harvest, bountiful monsoon, good rural cash flows, and low base effect. “We expect rural sentiments to remain positive and translate into robust tractor demand as we move into the festive period," Sikka said. India’s second-largest tractor manufacturer TAFE recorded unbeatable domestic tractor sales with the growth of 87% yoy basis. TAFE recorded 11841 unit sales in August 2020, which are 5504 units more than August 2019 tractor sales. Along with this, TAFE Group added 1.19% of market share in August month. Sonalika Tractor is the brand that gains Indian farmer's trust by supplying them with technologically advanced tractors. In 2020, August proves the best month for the Sonalika Tractor Brand. They sold 8205 units tractors in August 2020, and in August 2019, Sonalika domestic tractor sales were 4560 units. This shows a clear jump in Sonalika Domestic Tractor Sales by 79.93%. With this, Sonalika gained 0.37% of the Market share. Raman Mittal, Executive director, Sonalika Group said, August was the fourth consecutive month for the company to have achieved record growth in the domestic market. “The demand for tractors is surging and it is expected to remain healthy on the back of higher kharif sowing and good monsoons coupled with increasing preference of farmers towards mechanization," said Mittal. The company focuses on building inventory to cater to the accumulating demand in the run up to the festive season. According to Mittal, sales during the festive season could contribute up to 40%-45% overall annual volumes. John Deere Tractor recorded the highest ever August sales in last month with 7428 units of sales, whereas, in August 2019, it recorded 4012 units, which are clearly 3416 units more. This month, John Deere Tractor added 0.65% of the market share. Escorts Tractor Also Records Highest Ever August Sale, Grew by 80.1%. Domestic tractor sales in August 2020 were at 6750 tractors, recording the growth of 79.4% on Year on Year basis (YoY) against 3,763 tractors in August 2019. And export tractor sales were 518 tractors in August 202 against 272 in August 2019, recording the growth of 90.4% on Year on Year basis (YoY). Escorts Management remains optimistic for the coming festive months, and the supply side situation improved significantly in comparison to last months. New Holland Tractors sold 2801 units in the month of August 2020, and in the month of August 2019, they sold 1592 units, which is 75.94% growth in Domestic Tractor Sales. Kubota Tractor registered a 54.25% boom in the Tractor sales. Kubota Sales recorded in August 2020 is 1396 units, and in August 2019, it recorded 905 units. This month, their market share drop down by 0.29%. Vst domestic tractor sales noted 861 units in August 2020, and it recorded 769 units in August 2019. They registered a gain of 11.96%. Along with this, the Vst tractor market share fall by 0.75% in August 2020. Preet Tractor played smart in August Month as their sales grew by 319%. As per our resources, Preet Tractor started selling tractors in bulk to Tractor Brokers at a very attractive price in Haryana and Punjab region. Due to this, Preet Tractor was able to sell more than 300 tractors direct to large brokers. Some of the other small Tractor manufacturers are also planning to start the same to increase sales. Preet has sold 386 units more in August 2020 compared to August 2019. With the gain in sales, they recorded an increase in market share by 0.46%. Captain Tractor sales 423 units tractors in August 2020, and in August 2019, Captain Tractor Domestic Sales were 214 units. This clearly shows a 97.66% increase in Captain domestic tractor sales. Force Tractor gained 31.60% in its domestic sales this month. Force Tractor domestic sales recorded in August 2020 were 329 units and in August 2019 were 250 units. Force Tractor lost its market share by 0.17%. Indo Farm Tractor Domestic Sales increased by 50.49% to 310 units in August 2020 against 206 units in August 2019. SDF Tractor domestic sales were 204 units in August 2020, and it recorded 303 units in August 2019, which states a 32.67% drop in the tractor sales. With that company lost 0.50% of the market share too. SDF is the only player who is continuously showing –ve growth for the past 4 months. Ace Tractor Domestic Sales were increased by 17% in the month of August 2020. It registered 25 units more in August 2020 as compared to August 2019. As per FADA report Tractor registrations continued their upwards journey with 27.80 per cent YoY growth in the month with 67,406 tractor registered compare to 52,744 tractors in Aug’19. The entry-level passenger vehicles showed initial signs of demand revival as the uptick was witnessed around the Janmashtami and Ganesh Chaturthi festivals. Apart from the rural market, which has shown revival signs, urban centers have also shown initial signs of demand pullback, the FADA said. It said tractor, small commercial vehicles and entry-level passenger vehicles positively impacted the August sales as the Centre puts extra focus on rural development and agriculture. "With the start of festival season and the government's continued effort to open up India, the month of August saw good numbers when compared to immediate previous months. August also saw an arrest in decline and pullback efforts on all fronts were visible, though on YoY all categories except tractors continued to fall, though at a slower pace," FADA President Vinkesh Gulati said. 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

VST Tillers Tractors Limited Launches 30 HP Tractor in India "Ahead of times"

VST Tillers Tractors Limited Launches 30 HP Tractor in India "Ahead of times"

VST Tillers Tractors, pioneers in manufacturing of tillers and compact tractors for over five decades, as part of its continued efforts to offer innovative solutions to agricultural sector, has launched “VST SHAKTI MT 932”, the First company to launch the 30 HP tractor in the compact tractor segment. The product comes with a tagline “30 Hai to Smart Hai” which comes with 30 plus features that brings smart farming to crops. The New Generation 30 HP “VST SHAKTI MT 932” comes with smart features which offers a combination of Performance , Comfort and efficiency which makes it unique from the others and stand ahead of the competition. With this 30 HP Launch, the company demonstrated, it’s undeterred commitment towards offering innovative Quality products to help farmers increasing the productivity. CEO of VST, Antony Cherukara Spoke and informed VST offers products starting from 17 HP to 30 HP in the compact tractor segment. The new launch comes with a 2 Year standard warranty and possibility for extended warranty of 3 Years, which makes it more attractive to farming community. Mr. Antony also expressed that the compact tractor segment continues to be the major forte for VST and is expected to launch more models in the next 12 months A new generation of tractors in the compact segment is being developed with more back up torque and various other first time features for the segment. “VST Tillers Tractors, as one of the leaders in the Indian Compact tractor market, have always been at the forefront of introducing the latest technologies and the new "VST SHAKTI MT 932" is one more step in that direction. By providing lifting capacity of 1250 Kgs, MID PTO [ Only compact tractor to offer ], Compatible to work with imported sprayer, and comfort features like Heat Guard, Adjustable seat, Sharp clear display, Semi flat form and many more unique features makes its one of the most productive tractors in the compact segment today; The product is developed to meet the evolving demands of the modern farmers and Definitely a smart choice for the modern farmer. AatmaNirbhar Kisan AatmaNirbhar Bharat !!.

VST Tillers Tractors reports 57% growth in sales of power tillers & tractors during August 2020

VST Tillers Tractors reports 57% growth in sales of power tillers & tractors during August 2020

VST Tillers Tractors Ltd has announced the sales figures for the month of August 2020. The company has sold 2638 power tillers in August 2020 as against 1437 in August 2019, registering a growth of 83.57% growth YoY. The company has sold 897 tractors during August 2020, as compared to 813 in August 2019, registering a growth of 10.33% YoY. The company has sold 10864 power tillers YTD (April 2020 to August 2020) as against 9341 during the period April 2019 to August 2019. The company has sold 3513 tractors YTD (April 2020 to August 2020) as against 3217 during the period April 2019 to August 2019. Shares of V.S.T.TILLERS TRACTORS LTD. was last trading in BSE at Rs.1618.85 as compared to the previous close of Rs. 1629.05. The total number of shares traded during the day was 862 in over 183 trades.

महिंद्रा ने अगस्त में बेचे 23 हजार 503 ट्रैक्टर, लगातार ग्रोथ से मजबूत हुई कंपनी

महिंद्रा ने अगस्त में बेचे 23 हजार 503 ट्रैक्टर, लगातार ग्रोथ से मजबूत हुई कंपनी

बिक्री में 69 फीसदी की भारी बढ़ोत्तरी नई दिल्ली। देश में बंपर फसल, भरपूर मॉनसून, अच्छे ग्रामीण कैश फ्लो और बेस इफेक्ट के चलते ट्रैक्टर उद्योग में भारी वृद्धि देखी गई है। सकारात्मक रुख के चलते महिंद्रा फार्म इक्विपमेंट सेक्टर ने अगस्त में 69 प्रतिशत की भारी वृद्धि दर्ज की है। कंपनी अगस्त माह में घरेलू बाजार में 23 हजार 503 ट्रैक्टर बेचे हैं। कंपनी ने अगस्त 2019 के दौरान घरेलू बाजार में 13 हजार 871 यूनिट बेचीं थी। अगस्त 2020 के दौरान कुल ट्रैक्टर बिक्री (घरेलू + निर्यात) 24 हजार 458 इकाइयो पर थी, जबकि पिछले साल की समान अवधि के लिए 14,817 इकाई थी। पिछले साल के समान महीने में निर्यात की गई 946 इकाइयों की तुलना में इस महीने के लिए निर्यात 955 इकाइयों पर रहा। महिंद्रा एंड महिंद्रा लिमिटेड के प्रदर्शन पर कंपनी के फार्म इक्विपमेंट सेक्टर के अध्यक्ष हेमंत सिक्का का कहना है कि हमने अगस्त 2020 के दौरान घरेलू बाजार में 23,503 ट्रैक्टर बेचे हैं, जो पिछले साल की तुलना में 69 प्रतिशत अधिक है। सिक्का ने बताया कि जुलाई में हमने अब तक की सबसे अधिक बिक्री देखी थी, लेकिन अब हमने अगस्त में अब तक की सबसे अधिक बिक्री देखी है। अगस्त में ट्रैक्टर इंडस्ट्री की ग्रोथ लगातार मजबूत बनी हुई है। उन्होंने आगे कहा कि हमें उम्मीद है कि ग्रामीण भावनाएं सकारात्मक रहेंगी और मजबूत ट्रैक्टर की मांग में तब्दील हो जाएगी क्योंकि हम त्यौहारी अवधि में आगे बढ़ रहे हैं। निर्यात बाजार में, हमने 955 ट्रैक्टर बेचे हैं, जो पिछले साल की तुलना में 1 प्रतिशत की वृद्धि है। महिंद्रा ट्रैक्टर के बिक्री आंकड़े विवरण अगस्त संचयी अगस्त वित्त वर्ष 20 वित्त वर्ष 21 परिवर्तन (प्रतिशत में) वित्त वर्ष 20 वित्त वर्ष 21 परिवर्तन (प्रतिशत में) घरेलू 13871 23503 69% 115958 112543 -3% निर्यात 946 955 01% 5201 2974 -43% कुल 14817 24458 65% 121159 115517 -5% सभी कंपनियों के ट्रैक्टरों के मॉडल, पुराने ट्रैक्टरों की री-सेल, ट्रैक्टर खरीदने के लिए लोन, कृषि के आधुनिक उपकरण एवं सरकारी योजनाओं के नवीनतम अपडेट के लिए ट्रैक्टर जंक्शन वेबसाइट से जुड़े और जागरूक किसान बने रहें।

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