Tractor Domestic Wholesale Growth For The Month Of April 2021- Increased By 436.46%

Tractor Domestic Wholesale Growth For The Month Of April 2021- Increased By 436.46%

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Talking about the tractor wholesale growth for various tractor brands, the industry has again recorded an extreme sales performance during the last Month of April 2021 as compared to the previous year of the same month. Though the country is facing a tough situation, the tractor industry proves itself about its existence in the rise of the agriculture sector by selling more units of tractors during this year 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 April 2021, the company sold 26130 units of tractor while against 4716 units in the last year of the same month. It has a tremendous market growth record of 454.07%. The market share has also increased by 41.18% as compared to the previous year.

Additionally, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said,

“We have sold 26130 tractors in the domestic market during April 2021 with a growth of 454% over last year. High growth witnessed in April 2021 is due to low base due to nationwide lockdowns in April last year. There have been disruptions in the supply chain due to localised lock downs and availability of oxygen along with dealerships in few states getting closed impacting demand momentum. All agri related fundamentals continue to remain strong, with bumper rabi crop harvest and forecast of a normal monsoon. We expect that tractor demand will bounce back as farmers start preparing their land for Kharif crops in the ensuing weeks. We continue to monitor the evolving Covid situation across the states with a key focus on the safety of our people and partners. In the exports markets, we have sold 1393 tractors, a growth of 2388% over last year and have a strong order book.”

Coming up with the next booming tractor industry TAFE that recorded the highest domestic wholesale growth by selling 11,176 units of tractors in April 2021 as against 2,982 units in the last year of the same month. The company however records 274.48 %of the market growth in this year of the last month but a little declined of 17.61% in the market share.

With the fastest- growing tractor industries Sonalika urges a growth of 850.86% that is the most efficient from the previous year. Though, the company also records growth in the market share by 11.22%. Sonalika tractors 7,122 units were sold in April 2021 whereas, in the last year of the same period tractors were sold of 749 units.

The other famous tractor industry John Deere has marked a growth of 460.86 %. The company sold 6,450 units of tractors in April ’21 while 1,150 units of tractors were sold in April ’20. The company’s market share has increased by 10.16% from 9.72% as compared to the previous year.

Another leading company of India Escorts, headquartered in Faridabad, Haryana. Escorts company records a growth of 941.76 % with those of 613 units tractors sold in April’20 while selling 6,386 units in April’21. The market share increased by 10.06% compared to the previous year.

New Holland tractor company urged the wholesale growth record of 162.08 % with selling 2,309 units of tractors in April ’21 while in April ’20 total 881 units of tractors was sold. While there is a decline of 3.63% in the market share in the last month as compared to the previous year of the same month.

The other tractor brand Kubota also gains a 1654.21% profit. Also, the company records 1,456 units of tractors in April ’21 while 83 tractors were sold in April ’20. The company urges an increase of 2.29% in the market share.

The Indo farm tractor industry boom by 919.23% of sales record. Also, the company urges the market share by 0.83%. The company recorded 530 units of tractors in April ’21 whereas 52 units of tractor were sold during the last year of the same month.

Talking about the most efficient tractor company Preet has also recorded the highest growth by 900 % of tractor sales. The company also gained its market share by 0.81% in this year of April 21. Also, the company sold 520 units of tractors in April 2020 as compared to 52 units of tractors in the previous year of the same.

VST tractor brand industry records a sales growth of 50.95 %. While the company sold 474 units of tractors in April ’21 with those of 314 units of tractors in April ’20. The company has lost its market share by 0.74 %.

Force Motors company also records a sales growth of 739.13%. While selling 386 units of tractors in April ’21. On the other hand, the market share of the company declined by 0.6%.

Captain Tractor industry also records the sales growth of 229.87% while selling 254 units of tractors in the April ’21. Also, the company records a market share of 0.4% that is shown a huge decliment.

Same Deutz Fahr shows the sales growth by 682.6% while selling 180 units of tractors in April 2021. Also, the market share of the company urges 0.28% of profit.

In the whole tractor brand industry, the ACE tractor industry has marked the decline in the growth sale of tractors by -16.85%. And, also the market share declined by 0.11%.

An overall tractor industry has gained much profit during the Month of April recording 436.46% 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 quite good as against the previous year of April month.

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