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

Hit Or Decline: Tractor Domestic Wholesale Growth For The Month Of October 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 October 2021 as compared to the previous year of the same month.

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Though the country has faced a lot of tough situations 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. Proceeding further with the sales growth of the various tractor brands.

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 October 2021, the company sold 45,420 units of the tractor while against 45,588 units in the last year of the same month. Though the domestic tractor sales were reduced, the company shows a remarkable growth in the total tractor sales by 47,017 units in October 2021 as against 46,558 units of tractors in the previous year of the same month.

Proceeding with the next tractor brand industry TAFE has recorded the highest tractor growth sales by selling 21814 units in October 2021 as against 19042 units of tractors. The company however recorded 14.54% of the market growth in this year of the last month and also recorded an increase in the market share.

With the fastest-growing tractor industries, Sonalika urges a major wholesale growth of 5.5 % that is the most efficient from the previous year. Though the company has an extreme market share of 25% in the international market, Sonalika has lost a fair bit of its market share to its competitors (12.15 percent, down from 12.16 percent in October last year).

Sonalika tractor brand has sold a total of 17,130 units in October 2021. The major volume of tractor growth in Sonalika tractors models was in the new range Sikander.

The other famous tractor brand industry is John Deere that has marked a decline of -7.48% growth. The company sold 11,078 units of tractors in October ’21 while 11,973 units of tractors were sold in October’20.

The company’s market share has also decreased by 9.62% from 10.40 % 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 3.27 % with 12749 units sold on October 21 while selling 13180 units on October’21. The market share declined in October’21 (11.07 percent down from 11.45 percent in October last year).

New Holland tractor company broke the wholesale growth record by –16.71% by selling 4,153 units of tractors in Oct’21 while in Oct ’20 a total of 4,986 units of tractors were sold. While there is a decline of 3.61% in the market share in the last month as compared to the previous year of the same month.

The other tractor brand Kubota gained 8.69% of the profit. Also, the company recorded 2527 units of tractors in October’21 while 2325 units were sold in October ’20. The company urges a growth in the market share by 2.19%.

VST tractor brand industry records a sales decline of -23.23%. While the company sold 846 units of tractors in October ’21 with those of 1102 units of tractors in October’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 by 6.90% in domestic tractor sales. While the market share of the company has jumped up from 0.74% to 0.69% in October last year.

The Indo Farm tractor industry has recorded the highest growth of 35.93% of sales record. Also, the company urges a market share of 0.65%. The company achieved the sales figures by 749 units of tractors in Oct ’21 whereas 551 units of tractors were sold during the last year of the same month.

Captain Tractor industry also recorded a sales loss of -46.07% while selling 281 units of tractors in Oct ’21. Also, the company records a market share of 0.24%.

Force Motors company also records a sales growth of 19.36%. While selling 524 units of tractors in Oct ’21. On the other hand, the market share of the company records 0.45%, which is more than the previous year.

The ACE tractor industry has also marked an increment in the growth in sales of tractors by 7.85%. And, also the market share jumped by 0.02%.

The Same Deutz Fahr industry has recorded a negative growth rate of -34.37%.

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 October month.

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