Know which tractor company sold how many tractors in May 2022
The country’s tractor industry received a new boost from the good sales in May 2022. A total of 52,000,487 tractors were sold in the retail market in May 2022. While in May 2021, only 16,000,623 tractors were sold. Thus, a growth of 215.15% was recorded in the sales of tractors in May 2022. In this article from TractorJunction, you have received information about the sales of various companies in May 2022.
Brand Wise Retail Tractor Sales Report, May 2022
Mahindra & Mahindra Limited , World-class tractor manufacturer Mahindra & Mahindra recorded a 214.32% growth in tractor sales by selling a total of 11,960 tractors in May 2022. While the company sold a total of 3,805 units in May 2021 .
Mahindra and Mahindra (Swaraj Division) : Mahindra & Mahindra’s Swaraj Division ltd. registered a growth of 197.83% in May 2022 by selling 8,789 tractors. While a total of 2,951 tractors from Swaraj were sold in May 2021.
According to Hemant Sikka, President of Agricultural Equipment Sector, Mahindra & Mahindra, the company sold 39,405 tractors with a growth of 51% in April 2022, while fewer tractors were sold in May 2022. Now, with the arrival timing of the southwest monsoon and the forecast of a normal monsoon, record production of the Kharif crop is expected. He said that the continued rise in food prices would ensure better remuneration to farmers for their products. This is likely to create positive sentiment and increased demand for tractors and farm equipment.
TAFE LTD , The company sold 6,821 tractors in May 2022 while 1,902 units were sold in May 2021. Thus, there was a 258.62% increase in sales. The company’s market share also increased by 1.56%.
International Tractors Limited , Sonalika International Tractors, the most innovative brand also made a profit in May 2022. The company’s tractor sales increased by 175.77%. The company sold 6 thousand 111 units in May 2022, which is 3895 units more than in May 2021.
According to Mr. Raman Mittal, Co-General Manager of ITL, Sonalika performed brilliantly in May 2022 due to the concerted efforts of the company. The company sold 12,000 615 tractors with record growth of 42.1%. This is the highest sale ever recorded in May. Sonalika truly believes in meeting the special needs of farmers and working for the farmer’s peace of mind as well as the dynamic performance of the tractor. He said that factors such as the government’s continued increase in MSP, improved supply of rabi crops and the timely arrival of monsoon in the country would create a viable platform for activities. farms prosper in FY23.
Limited escorts (Agricultural Machinery Group): Indian brand Escorts Limited tractor sales also increased by 235.02%. The company sold 5,826 tractors in May 2022 compared to 1,739 tractors sold in May 2021. The company also achieved a market share of 0.64% in May 2022.
According to the Escort Machinery brand, “This season has brought lower crop yield due to extreme heat conditions. But now the weather is positive due to better realization of crop prices, normal rainfall forecast and of the possibility of timely sowing this year. The company said, “Recent government actions could quickly stabilize inflation and operating profit could help partially offset the impact on margins in the coming quarters. “With the government’s focus on infrastructure, we expect a good recovery in the latter part of the current 2022-23 financial year. But the high cost of ownership is still a major concern for customers due to the sharp increase in the cost of inputs. »
John Deere India Private Limited (Tractor Division): The company sold 3,898 tractors in May 2022 compared to 1,316 units sold in May 2021. Thus, the company’s tractor sales increased by 196.2%.
Eicher Tractor , Eicher Tractors has always earned the trust of farmers by supplying quality tractors. This is evident from the 244.71% growth in tractor sales in May 2022. The company also gained a market share of 0.48% by selling 2,999 units in May 2022.
CNH Industrial , The brand achieved growth of 277.55%. The company sold 2,254 tractors in May 2022 compared to 597 units sold in May 2021. The company maintained its market share of 0.7%.
Agricultural Machinery Kubota India Private Limited , The Japanese company’s tractor sales increased by 504.69%. Its tractor sales were 1,161 units in May 2022 and 192 units in May 2021.
VST Tillers Tractors Limited , This brand is a big name among Indian farmers. Its tractor sales stood at 354 units in May 2022. While in May 2021 it was 81 units. Thus, there was a 337.04% increase in the company’s sales.
Indo Farm Equipment Limited , Indo Farm Tractors recorded a growth of 265.17% in tractor sales in May 2022. The company sold 325 units during this period compared to 89 units sold in May 2021. The company also gained 0.08% share market this month.
Force Motors Limited , Popular tractor brand, Force Motors also recorded growth of 568.89%. The company sold 301 tractor units in May 2022 compared to 45 units in May 2021.
Captain Tractors Private Limited , Captain Tractors, a world-class mini tractor brand, recorded 41.44% growth in tractor sales in May 2022. The company sold 157 tractors compared to 111 tractors sold in May 2021. The company also recorded a 0.37% growth in its market share.
Sales of other companies’ tractors were recorded at 1,531 units in May 2022. While 709 tractors were sold in May 2021. Thus, an increase of 115.94% was recorded.
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