Hit Or Decline: Tractor Domestic Wholesale Growth For The Month Of December 2021

Hit Or Decline: Tractor Domestic Wholesale Growth For The Month Of December 2021

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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 December 2021 as compared to the year of 2020 for the same month.

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 December 2021, the company sold 16687 units of the tractor decline of 21% YoY while Exports stood at 1,582 units in December 2021.

Proceeding with the next tractor brand industry TAFE has recorded the domestic tractor growth sales by selling 8157 units of tractors in December 2021 as against 11096 units of tractors in Dec ‘2020. The company however recorded 18.36% % of the market share.

With the fastest-growing tractor industries, Sonalika company has also registered a market share loss registering the figures of10.90%. The company has recorded domestic tractor sales of 4841 units in December 2021.

The other famous tractor brand industry is John Deere that has marked a decline of -36.25% growth. The company sold 4663 units of tractors in December ’21 while 7315 units of tractors were sold in Nov ’20. The company’s market share has also decreased by 10.50% as compared to the previous year of the same month.

Another leading company of India Escorts, headquartered in Faridabad, Haryana. Escorts has recorded a tremendous loss of -43.57% with 4080 units sold in December 21 while selling 7230 units in Nov’20. The market share declined in Nov ’21 (9.18% percent down from 11.80 % in Nov’20).

The other tractor brand Kubota urges a profit of 22.28%. Also, the company recorded 1992 units of tractors in Dec’21 while1629 units were sold in Nov’20. The company also urges a profit in the market share by 4.48% for the November 2020 month.

New Holland tractor company broke the wholesale growth record by –8.34% by selling 1747 units of tractors in Dec’ 21 while in Nov’20 a total of 1906 units of tractors were sold. While there is also a profit s in the market share by 3.93% in the market share in the last month as compared to the previous year of the same month.

The Indo Farm tractor industry has recorded the highest growth of 25.97% of sales record. Also, the company urges a market share of1.17%. The company achieved the sales figures by 519 units of tractors in Dec’21 whereas 412 units of tractors were sold during the Nov’20 month.

Talking about the most efficient tractor company Preet has also recorded a mighty loss of -8.90% in domestic tractor sales. While the market share of the company has jumped up from 0.77% to 0.97% in November last year.

VST tractor brand industry records a sales decline of -10.55%. While the company sold 407 units of tractors in Dec’21 with those of 455 units of tractors in Nov’20. The company has also lost its market share for the current year.

Force Motors company also records a sales growth rise of 13.13%. While selling 405 units of tractors in Dec ’21. On the other hand, the market share of the company records 0.91%, which is more than the previous year.

The ACE tractor industry has also marked a decrement in the sales of domestic tractors by -2.76%. And the market share jumped by 0.47%.

Captain Tractor industry also recorded a sales loss of -32.28% while selling 208 units of tractors in Dec’21. Also, the company records a market share of -0.47%.

The Same Deutz Fahr industry has recorded a negative growth rate of -43.26%.

Thus, we can say that the overall selling units of the tractor brands were a bit appropriate for some brands as compared to the year 2020 December month.

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