Published on 8 August, 2019
India is an agricultural country. And about 70 percent of India's population is dependent on agriculture. With the increasing population, India is also using new technology in its life. Today, India's agricultural industry is also advancing with technology. The tractor industry is the foundation of this agricultural industry. India has many tractor manufacturers in the country, whose business is spread in India as well as abroad.
With the information about the tractor sales in the foreign market, it is also important to know the data of June 2019 as compared to the tractor sales data of June 2018. In June 2019, many tractor manufacturers are facing a huge decline in foreign tractor sales. And tractor manufacturers like VST and Escorts have succeeded in crossing their June 2018 target.
The domestic market of Escorts Tractors Company may have a decline in tractor sales, but Escorts Tractors has achieved a tremendous amount of success in tractor sales in the foreign market. Foreign market sales of escorts tractors have increased by about 38.7 percent. Escorts tractor sold 225 tractors in June 2018 while 312 tractors were sold in this June 2019. Along with escorts, VST and PREET tractor have also achieved good success in foreign market in June 2019.
New Holland tractor has also suffered a 25 percent decline in foreign tractor sales as of June 2018. In June 2019, New Holland sold 247 tractors less as compared to June 2018. India's largest tractor manufacturer, Mahindra & Mahindra, suffered a 3% drop in the overseas market in June 2019. And John Deere Tractor Producer Company suffered a 0.9 percent decline compared to June 2018.
ITL, TAFE and SDF have suffered the biggest drop in foreign market compared to June 2018. ITL had sold 2190 tractors in the foreign market in June 2018, and only 1459 tractors have been sold, down by 33.4 percent in June 2019. With a fall of 60.1 percent, SDF Tractors sold only 446 tractors in the overseas market in June 2019. The overseas market for TAFE tractors ended nearly 882 tractors in June 2019, with a decline of nearly 50 percent. The tractor industry had sold 8540 tractors in the overseas market in June 2018 which is 227. 4 percent down at 6205 tractors in June 2019.
Published on 6 August, 2019
तरलता की कमी और कमजोर ग्रामीण डिमांड के कारन एस्कॉर्ट्स समूह के Q1 लाभ और आय में 27.6 प्रतिशत और 5.7 प्रतिशत की गिरावट हुई है । संगठन का एग्री-इक्विपमेंट सेक्टर, जो पूर्ण आय में 77 प्रतिशत योगदान देता है, जो सबसे अधिक प्रभावित था और इस परिस्थिति ने संगठन के ट्रैक्टर संयंत्रों में एक दिन के उत्पादन के कटौती को भी प्रेरित किया।
भारत मदन, ग्रुप चीफ फाइनेंशियल ऑफिसर और कॉर्पोरेट हेड, जी ने कहा कि अगर नवंबर तक हालात नहीं सुधरे तो संगठन कई प्लांट बंद कर सकता है। प्रारंभ में, सामान्य ट्रैक्टर उद्योग की मात्रा में लगभग 15 प्रतिशत की गिरावट आई, जिसने प्राथमिक तिमाही में हमारे मार्जिन को 160-170 बीपीएस से नीचे खींच लिया। इसके अलावा, हमने स्टॉक के मुद्दे पर उपाय के तहत इस तिमाही में उत्पादन में भी कटौती की।
हमने लगभग 21,000 ट्रैक्टर बेचे जबकि उत्पादन संख्या Q1 में 17,000 ट्रैक्टर थी। हमारा उत्पादन ट्रेक्टर बिक्री के मुकाबले इस तिमाही में लगभग 20 प्रतिशत से काम था । इन दो उपायों का समेकित प्रभाव सामान्य मार्जिन संख्या में स्पष्ट है जो इस बार लगभग 330 बीपीएस के आसपास चला गया है। हमने हाल के चार महीनों में अपने स्टॉक संख्या में आम तौर पर कटौती की है। हमारे चैनल का स्टॉक स्तर अब घटकर तीन से साढ़े तीन सप्ताह का हो गया है जो वर्तमान में सबसे कम है। हम त्योहारी सीजन का समर्थन करने के लिए अगस्त और सितंबर के लंबे हिस्सों में कुछ स्टॉक बनाने का इरादा कर रहे हैं , ऐसा भारत मदान जी ने कहा।
Published on 6 August, 2019
Tormented by delayed liquidity crunch and weak rural interest Escorts Group's Q1 benefit and income declined by 27.6 percent and 5.7 percent separately. Organization's Agri-Equipment which contributes 77 percent to the absolute income was the most hit and circumstance also prompted one-day production cut at organization's tractor plants.
Bharat Madan, Group Chief Financial Officer and Corporate Head said that if the circumstance doesn't improve by November the organization may more plant shut downs. Initially, the general tractor industry volumes declined by right around 15 percent that pulled our margins down by 160-170 bps in the primary quarter. Furthermore, we embraced significant generation cut this quarter to redress the stock issue.
We sold around 21,000 tractors while the generation number was 17,000 tractors in Q1. Along these lines, our generation this quarter was approximately 20 percent less than exactly the business which occurred. The consolidated impact of these two measures are obvious in the general margin number which likely gone somewhere around 330 bps this time. we have cut our stock numbers radically over the most recent four months. Our channel stock level has now diminished to three to three and a half weeks stock which is one of the most reduced at present. We are intending to construct some stock in the long stretches of August and September to support festive season Bharat Madan, Escorts Group CFO
Published on 3 August, 2019
Subsequent to moving forward with boost by government subsidies and monsoon onset for just about three years, Indian tractor market slammed by 14.3 percent to 191,305 units in the primary quarter of financial year 2019-2020, according to the information uncovered by Tractors Manufacturers Association (TMA). The business saw a sound 20 percent development during Q1 of FY 2018-2019. A sharp 13.6 percent year-on-year deals drop to 75,859 units in June 2019 stamped fifth continuous month of decrease in tractor deals. The prime components hitting the hinterland are troublesome monsoon and uncertainty in government schemes. This year, the India Meteorological Department (IMD) announced a 17 percent inadequacy in precipitation with June alone account 33 percent shortfall in rain.
Market pioneer Mahindra and Mahindra (M&M), which possesses more than 40 percent of generally tractor market of the overall industry, detailed a 15 percent decrease at 82,913 units in the last quarter. Tafe Group and Sonalika both revealed the steepest decrease of 17.4 percent at 34,983 units and 20,954 units individually during the quarter under audit. The circumstance intensified when the market made by subsides from the state governments, began spilling. Majority of the states which guaranteed to proceed with the subsides schemes are reeling under intense money related crunch, and subsequently neglected to make the repayments to the sellers, said TR Kesavan, President, TMA.
"Government sponsorship is really hindering the future in numerous regions. The majority of the sellers are sitting with a half year to one year of exceptional which needs to originate from the administration, and this actually smashed the market especially in the conditions of Tamil Nadu, Andhra Pradesh, Telangana, and Assam," Kesavan told .He also said that last year near 90,000 - 100,000 tractors went under sponsorship programs. Also, clients are facing a hard hit from the banks too. Indeed, even at the season of languid deals, no relief is originating from banks as they neglect to loosen the high financing costs, said Rahul Lunawat, one of the sellers of Mahindra Swaraj Tractors in Nasik region, Maharashtra.
"Banks keep on bringing 14-14.5 percent financing costs from the farmers on tractor loans though if there should be an occurrence of bike and vehicles it is near 9 percent. This combined with lacking rain and sporadic subsides declarations have seriously affected our business since everyone is waiting for subsidy and making no buy. At this crossroads, the circumstance is grave to the point that we are not in any case equipped for paying our month to month costs," Lunawat said. As there is a reluctance to purchase, organizations like M&M and Escorts declared cutting production as a major aspect of stock measure. Despite of such efforts, tractor sellers the nation over are detailing inventory level of up to 45 days. Industry accepts that for tractors a typical sound stock is of 30 days. "Regardless we have trusts on August and accept that tractor industry will ricochet back in Q2 distribution of precipitation should spread equally over all the agro-climatic zones," Kesavan included.
Published on 2 August, 2019
जुलाई 2019 में महिंद्रा एंड महिंद्रा के साल-दर-साल के ट्रैक्टर बिक्री में जुलाई 2018 के ट्रैक्टर बिक्री के मुकाबले 11प्रतिशत की गिरावट आई है| महिंद्रा एंड महिंद्रा लिमिटेड फार्म इक्विपमेंट सेक्टर (FES), USD 20.7 बिलियन महिंद्रा ग्रुप का एक हिस्सा, उन्होंने जुलाई 2019 के लिए अपने ट्रैक्टर बिक्री के आकड़े पेश किए है |
जुलाई 2019 में घरेलू बिक्री 19,174 यूनिट्स पर है,जबकि जुलाई 2018 के दौरान 21,574 यूनिट्स पर थी । जुलाई 2019 के दौरान सभी ट्रैक्टर सौदे (घरेलू + निर्यात) 19,992 यूनिट्स पर है , जबकि एक साल पहले समान अवधि के लिए 22,679 यूनिट्स थे। जुलाई 2019 महीने के लिए विदेशी बाजार 818 यूनिट्स पर रहा है ऐसा संगठन का कहना है ।
प्रस्तुति पर टिप्पणी करते हुए, राजेश जेजुरिकर, अध्यक्ष - कृषि उपकरण क्षेत्र, महिंद्रा एंड महिंद्रा लिमिटेड जी ने कहा, "हमने जुलाई 2019 के दौरान घरेलू बाजार में 19,174 ट्रैक्टर बेचे हैं। हमें भरोसा है कि कृषि के माध्यम से ग्रामीण विकास के लिए सरकारी गतिविधियों का प्रसार और गैर-कृषि स्रोतों और तरलता में सामान्य सुधार से वर्ष के दूसरे छमाही के दौरान ट्रैक्टर के अनुरोध में सुधार होगा। ओवरसीज मार्केट में, हमने 818 ट्रैक्टर बेचे हैं। " संगठन के ट्रैक्टर निर्यात में भी गिरावट आई, जो 26 प्रतिशत तक की है ।
Published on 2 August, 2019
Mahindra and Mahindra's year-on-year tractor deals in July 2019 are declined by 11% as compared with tractor deals in July 2018. Mahindra and Mahindra Ltd's. Farm Equipment Sector (FES), a piece of the USD 20.7 billion Mahindra Group, reported its tractor deals numbers for July 2019.
Domestic deals in July 2019 were at 19,174 units, as against 21,574 units during July 2018. All tractor deals (Domestic+ Exports) during July 2019 were at 19,992 units, as against 22,679 units for a similar period a year ago. Overseas market for the month remained at 818 units," the organization referenced.
Remarking on the presentation, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra and Mahindra Ltd. stated, "We have sold 19,174 tractors in the Domestic market during July 2019. We trust that the spread of storm, government activities to rural development through agricultural and non-agricultural sources and a general improvement in liquidity will goad improvement in tractor request during the second half of the year. In the Overseas Market, we have sold 818 tractors." There was also fall in tractor export of the organization, which fell by 26% year-on-year in July 2019.
Published on 1 August, 2019
Kubota a Japanese brand of tractors is as of now picking up prominence among Indian farmers and has been the quickest developing tractor brand since a year ago. Kubota has likewise been one of the main tractor organizations to present 5 years Super Warranty on their tractors and the introduction of these tractor ambulances will further expand trust in Kubota tractors.
On this launch event, Mr. G S Grewal said that the tractor is a wellspring of vocation for the farmers and any breakdown of his tractor during the season time can defer his tillage planning for planting the crop and at last effect on crop yield.
Presently ambulances are accessible for people as well as for tractors. This extraordinary idea was introduced by Japanese tractor brand Kubota. This extraordinary idea comprises of exceptionally structured administration vans who can go into towns to help any tractor breakdown. The thought is to give speedy fix and administration backing to tractor operators for their most confided his tractor.
This Ambulance branded with Kubota tractor ambulance and consist of trained mechanics, all types of tractor spare parts, washing system, oil as well as welding system too. In shorts this ambulance is one type of moving workshop.
Published on 1 August, 2019
एस्कॉर्ट्स लिमिटेड एग्री मशीनरी सेगमेंट (ईएएम), विदेशी बाजार में जुलाई 2018 के 127 ट्रैक्टर बिक्री के मुकाबले में जुलाई 2019 में 179.5 प्रतिशत की सफलता के साथ 355 यूनिट्स की बिक्री पर है। अक्टूबर 2018 से, नेपाल और भूटान के सौदों को निर्यात बिक्री में माना गया है। जुलाई 2019 में एस्कॉर्ट्स ने, जुलाई 2018 के 5,610 ट्रैक्टर यूनिट्स की बिक्री के मुकाबले 4,860 ट्रैक्टर यूनिट्स की बिक्री की, जो साल दर साल 13.4 प्रतिशत से कम रही है | जुलाई 2019 में घरेलू ट्रैक्टर की बिक्री जुलाई 2018 में बेचे गए 5,483 ट्रैक्टरों के मुकाबले 4,505 यूनिट्स पर आ गई। घरेलू सौदों ने साल दर साल 17.8 प्रतिशत की गिरावट दर्ज की।
एस्कॉर्ट्स के अनुसार कमजोर परिचालन संख्या रिपोर्ट कहती है की, एस्कॉर्ट्स ट्रैक्टर वॉल्यूम 14 प्रतिशत से कम होने पर 21051 यूनिट्स पर है। ट्रेक्टर बिज़ मार्जिन 330 बीपीएस वर्ष दर वर्ष 10.8 प्रतिशत से कम है। घरेलू ट्रैक्टर बाजार हिस्सेदारी में भारी गिरावट, घरेलू ट्रैक्टर बाजार 448 बीपीएस से कम 10.5% तक का शेयर करता है।
Published on 1 August, 2019
Escorts Ltd Agri Machinery Segment (EAM), Overseas deals jumped at a challenging 179.5% to 355 units as 127 tractors sold in July 2018. Eminently, from October 2018 onwards, deals to Nepal and Bhutan have been considered into Exports sale. Escorts, in July 2019, sold 4,860 tractors units against 5,610 tractors units sold in July 2018, a decrease of 13.4% year on year. Domestic tractor sales in July 2019 came in at 4,505 units against 5,483 tractors sold in July 2018. Domestic deals enrolled a decrease of 17.8% year on year.
According to Escorts reports weak Operational numbers, Escorts tractor volumes down 14% year on year at 21051 units. Tractor biz margins down 330 bps year on year at 10.8%. Steep fall in domestic tractor market share, domestic tractor market shares down 448 bps to 10.5% vs 15%.
Published on 29 July, 2019
The famous industrialist Amrit Sagar Mittal appointed as Vice-Chairman of the Punjab State Planning Board in the rank and status of Cabinet Minister, the quality of administrators in the Board has gone up to three with prestigious industrialist Rajinder Gupta and previous Chief Minister Rajinder Kaur Bhattal already serving as vice-chairman/vice-chairperson in the status of Cabinet minister.
Representative of the Planning Department said that the tenure of Rajinder Gupta, administrator of the Trident Group, was up to March 27, 2021 and that of Rajinder Kaur Bhattal up to July 3, 2021 and two were not drawing their salary from the State Planning Board. In the interim, the terms and conditions with respect to the appointment of Amrit Sagar Mittal, who is also the vice-chairman of Sonalika International Tractors Ltd., would be finalized shortly.
The justification behind to have prominent people from different fields in the State Planning Board was to give vital strategy contributions to the advancement procedure of the state other than concentrating on long haul vision to guaranteed economic improvement of state. Appropriately, the state Government has effectively affirmed the redesign of the Planning Department, which has now been renamed as the Department of Economic Policy, Planning and Punjab State Planning Board as Economic Policy and Planning Board. Resultantly, the extent of the Planning Board has enlarged and would now consider it new center strategy and financial improvement. Crafted by Department would be cared for by the specialists assigned as consultants in the field of industry, Academia, Public Service or Social Sector.
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