Talking about the tractor wholesale growth for various tractor brands, the industry has again recorded an extreme sales performance during the last month of November 2021 as compared to the previous year of the same month.
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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 November 2021, the company sold 26,904 units of the tractor decline of 17% YoY while Exports stood at 1,587 units (up 43% YoY) in November 2021.
Proceeding with the next tractor brand industry TAFE has recorded the domestic tractor growth sales by selling 10707 units of tractors in November 2021 as against 14074 units of tractors. The company however recorded -23.92% % of the market growth in this year of the last month and also recorded a decrement in the market share.
With the fastest-growing tractor industries, Sonalika urges a loss in domestic tractor sales growth of -24.34% that is the most degressive from the previous year. Though the company has also registered a market share loss registering the figures of 7.52%. The company has recorded domestic tractor sales of 8684 units in November 2021.
The other famous tractor brand industry is John Deere that has marked a decline of -32.93% growth. The company has sold 5248 units of tractors in November ’21 while 7825 units of tractors were sold in Nov ’20.
The company’s market share has also decreased by-1.28% 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 -32-55% with 6517 units sold on November 21 while selling 9662 units in Nov’20. The market share declined in Nov ’21 (5.64 percent down from 8.39 percent in Nov last year).
New Holland tractor company broke the wholesale growth record by –5.85% by selling 2,656 units of tractors in Novt’21 while in Nov’20 a total of 2821 units of tractors were sold. While there is also a loss in the market share by 2.30% in the market share in the last month as compared to the previous year of the same month.
The other tractor brand Kubota urges a loss of -27.379%. Also, the company recorded 1502 units of tractors in Noc’21 while 2068 units were sold in Nov’20. The company also urges a loss in the market share by 1.30% for November month.
VST tractor brand industry records a sales decline of -38.64. While the company sold 432 units of tractors in Nov ’21 with those of 704 units of tractors in Nov’20. The company has also lost its market share for the current year.
Talking about the most efficient tractor company Preet has also recorded a mighty gain of profit by8.25% in domestic tractor sales. While the market share of the company has jumped up from 0.45% to 0.42% in November last year.
The Indo Farm tractor industry has recorded the highest growth of 31.71% of sales record. Also, the company urges a market share of 0.47%. The company achieved the sales figures by 540 units of tractors in Nov’21 whereas 410 units of tractors were sold during the last year of the same month.
Captain Tractor industry also recorded a sales loss of -39.94% while selling 218 units of tractors in Nov ’21. Also, the company records a market share of -0.19%.
Force Motors company also records a sales growth of -6.10%. While selling 308 units of tractors in Nov ’21. On the other hand, the market share of the company records 0.27%, which is more than the previous year.
The ACE tractor industry has also marked a decrement in the sales of domestic tractors by -15.5%. And the market share jumped by 0.17%.
The Same Deutz Fahr industry has recorded a negative growth rate of -37.65%.
Thus, we can say that the overall selling units of the tractor brands were a bit appropriate for some brands as compared to the previous year of November month.
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