According to the report given by various tractor industries for the financial year 2021, all the tractor brands record more or less data on the selling of the tractors. Being despite the pandemic situation of the last year, some tractor companies have earned a greater profit in the market. This year also, the companies gave the greater records on the wholesale of the tractors report.
Some popular tractor companies like M&M, John Deere, TAFE, Sonalika, Escorts have also shown a major interest in providing the farm use mechanization on time and records the highest growth sale even during the COVID-19 situation. But somehow, the companies urges the major record of the decrement in the market shares
Proceeding with the detailed structure of the wholesale tractor reports of the branded tractor industry.
The renowned tractor industry and the world’s largest manufacturing company, Mahindra and Mahindra records the highest tractor growth sales in FY21 by 3,438,33 units while in FY20 291,901 tractors were sold during the last year. The company records a yearly growth of 17.79% of boom compared to the previous year. In the meanwhile, there has been a decline in the market share by 2.94%. The company records the first time decrease in the market shares during the past few years.
Proceeding with the next booming tractor industry TAFE that records the highest growth sales in the FY 21 by 165,802 units while in FY20 120,151 units were sold during the last year. Also, the company reports a yearly growth of 37.99% that is a change of 45,651 tractors as compared to the previous year. While the company records a market share growth of 1.93%.
One of the fastest-growing tractor industries Sonalika urges a yearly growth of tractors by 41.64%. Though, the company also records growth in the market share by 1.36%. Sonalika tractors 117,503 units were sold in FY’21 whereas, in FY’20, 82,958 units tractors were sold.
Another leading company of India Escorts, headquartered in Faridabad, Haryana. Escorts company records a growth of 23.83 % with those of 82,252 units tractors sold in FY’20 while selling 101,849 units in FY’21. The market share fell by 0.28% compared to the previous year.
The other famous tractor industry John Deere has marked a yearly growth of 25.30%. The company sold 85,610 units of tractors in FY’21 while 68,322 units of tractors were sold in FY’20. The company’s market share has fallen from 0.21% as compared to the previous year.
New Holland tractor company urged the yearly record of 33.96% with selling 35,828 units of tractors in FY’21 while in FY’20 total 26,745 units of tractors sold. The company also gained a market share of 0.21%.
The other tractor brand Kubota also gains a yearly profit of 30.06%. Also, the company records 16,809 units of tractors in FY’21 while 12,924 tractors were sold in FY’20. The company urges an increase of 0.05%
VST tractor brand industry records a yearly growth of 21.77%. While the company sold 8162 units of tractors in FY’21 with those of 6703 units of tractors in FY’20. The company has lost its market share.
The most efficient tractor company Preet has also recorded the highest yearly growth by 266.04%. It is the highest record in the past few years. The company also gained its market share by 0.44%.
The Indo farm tractor industry boom has a yearly growth of 60.38%. Also, the company urges the market share by 0.1%. The company records 4611 units of tractors in FY’21.
Captain Tractor industry also records the yearly growth of 42.36% while selling 4446 units of tractors in the FY’21. Also, the company records a market share of 0.05%.
Force motors company also records a yearly growth of 23.3%. While selling 4004 units of tractors in FY’21. On the other hand, the market share of the company is declined by 0.01%.
The ACE tractor industry records a growth of 23.60%. The company records 2540 units of tractors in the financial year of 2021. The market share declined by 0.1%.
In the whole tractor brand industry, Same Deutz Fahr has marked the decline in the growth by -41.05%.
An overall tractor industry has gained much profit during the Financial year recording a yearly production of 899,429 units of tractors in 2021 with the highest growth of 26.86%.