Talking about the tractor wholesale growth for various tractor brands, the industry has again recorded an extreme sales performance during the last Month of June 2021 as compared to the previous year of the same month.
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Though the country is facing a tough situation from the second wave of Covid 19, the tractor industry proves itself about its existence in the rise of the agriculture sector by selling more units of tractors during this year of the last month too.
Coming up with the largest growth of domestic tractor wholesale record of the tractor brand i.e. Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, in the month of June 2021, the company sold 46800 units of tractor while against 35844 units in the last year of the same month. The company hit the sales in domestic record not only on tractors but also on other commercial and passenger vehicles too. The market share has increased by 42.1% as compared to the previous year.
According to the official statement given by the Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra. Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said that,
“The sharp fall in Covid-19 cases and resultant easing of related restrictions, arrival of timely monsoon, increase in MSP rates for key kharif crops and continued strong Government support to all agri activities is giving a very strong momentum to tractor demand.
The company continues to remain optimistic about the progress of the monsoon and tractor demand in the coming months.”
Coming up with the next booming tractor industry TAFE that recorded the highest domestic wholesale growth by selling 21,540 units of tractors in June 2021 as against 19,084 units in the last year of the same month. The company however records 12.8% of the market growth in this year of the last month but also a little decline in the market share.
With the fastest- growing tractor industries Sonalika urges a major wholesale loss of -5.92 % that is the most efficient from the previous year. Though, the company also records growth in the market share of 19.53%. Sonalika tractors 12881 units were sold in June 2021 whereas, in the last year of the same period tractors were sold of 13,691 units.
Another leading company of India Escorts, headquartered in Faridabad, Haryana. Escorts recorded a growth of 12.55 % with those of 11596 units sold in June ’21 while selling 10,323 units in June’ 20. The market share decreased from 10.8 % compared to the previous year of the same month.
The other famous tractor industry John Deere has marked a growth of 41.39 %. The company sold 8,287 units of tractors in June ’21 while 5,861 units of tractors were sold in June ’20. The company’s market share has increased by 7.51% from 6.31 % as compared to the previous year of the same month.
New Holland tractor company broke the wholesale growth record by – 13.78% with selling 3315 units of tractors in June ’21 while in June ’20 total 3845 units of tractors were sold. While there is a decline of 3.00% in the market share in the last month as compared to the previous year of the same month.
The other tractor brand Kubota also gained a 59.94% profit. Also, the company recorded 2284 units of tractors in June ’21 while 1428 units were sold in June ’20. The company urges a growth in the market share by 2.07%
VST tractor brand industry records a sales growth of 3.30%. While the company sold 815 units of tractors in June ’21 with those of 789 units of tractors in June ’20. The company has lost its market share.
Talking about the most efficient tractor company Preet has also recorded the highest growth by 251.49 % of tractor sales. The company also gained its market share by 0.64% in this year of June 21. Also, the company sold 710 units of tractors in June 2021 as compared to 202 units of tractors in the previous year of the same month.
Same Deutz Fahr shows the sales loss by -37.02% while selling 114 units of tractors in June 2021. Also, the market share of the company is 0.10%.
The Indo farm tractor industry boom by 86.47% of sales record. Also, the company urges the market share of 0.51%. The company recorded 565 units of tractors in June ’21 whereas 303 units of tractors were sold during the last year of the same month.
Captain Tractor industry also recorded a sales growth of 1.35% while selling 525 units of tractors in June ’21. Also, the company records a market share of 0.48%.
Force Motors company also records a sales growth of 28.52 %. While selling 338 units of tractors in June ’21. On the other hand, the market share of the company increased by 0.31%.
In the whole tractor brand industry, the ACE tractor industry has also marked the decline in the growth in sales of tractors by -25.78%. And, also the market share declined by 0.28%.
An overall tractor industry has gained the market growth sales except few brands during the Month of June recording 18.77% of tractor sales as compared to the previous year of the same month. Thus, we can say that the overall selling units of the tractor brands was a bit appropriate for some brands as compared to the previous year of June month.
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