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Retail Tractor Sales Register 1.05% Decline in May 2024, Sold 70,065 Tractors

Retail Tractor Sales Register 1.05% Decline in May 2024, Sold 70,065 Tractors

    Retail Tractor Sales Register 1.05% Decline in May 2024, Sold 70,065 Tractors

10 Jun, 2024

The Indian Tractor Industry  Performance Analysis Through FADA May 2024 Retail Tractor Sales Report

FADA released the retail tractor sale report for May 2024, which helped us understand the performance indicators of leading Indian tractor manufacturers.

TractorGyan has decoded the FADA Retail May 2024 Tractor Sale report for you. 

FADA Retail Tractor Sales Report for May 2024 

1.  Mahindra & Mahindra Tractor Sales in May 2024 

Mahindra & Mahindra sold the highest number of tractors in retail markets during May 2024 and managed to grab the 22.73% market share through the impressive sale of 15926 tractor units.

If compared with the sales performance of May 2023, Mahindra & Mahindra’s performance in the retail tractor industry experienced a slight growth as the recorded May 2023 sales were 15836 units and market share was 22.36%.

Mahindra tractor retail sales may 2024	 

2. Mahindra & Mahindra Tractor Sales, Under Swaraj Division, in May 2024 

Swaraj, a subdivision of Mahindra & Mahindra, became the second highest-selling tractor brand in India for May 2024 by selling 13093 units. This impressive tractor sales helped Swaraj to grab an 18.69% share of the total retail tractor market. These sales trends indicate a YoY growth as the total retail tractor sales of Swaraj in May 2023 was 12776 units, resulting in 18.04 % market share. 

swaraj tractor retail sales may 2024

3. International Tractors Limited, Sonalika Tractors, Sales in May 2024 

Sonalika retail tractor sales for May 2024 are 9225 units, resulting in 13.17% market share. In comparison to May 2023, Sonalika performed better in May 2024 as the total retail tractor sale in May 2023 was 8,845 units and the seized market share was 12.49%

sonalika tractor retail sales may 2024

4. TAFE (Massey Ferguson) Tractor Sales in May 2024  

TAFE retail tractor sales in May 2024 are 8,515 units and the grabbed market share is 12.15%. As TAFE retail tractor sales in May 2023 were 8,932 units and the recorded market share was 12.61%, the brand experienced a slight YoY drop. 

massey ferguson tractor retail sales may 2024

5. Escorts Kubota Limited (Farmtrac and Powertrac) Tractor Sales in May 2024

For May 2024, the recorded Escorts Kubota Limited retail tractor is 7,655 units while the seized market share is 10.93%. These recorded sales demonstrate a very slight YoY drop as the recorded retail tractor sale in May 2023 was 7,671 units. But, the seized market share in May 2023, 10.83%, was lower than that of May 2024. 

escrots kubota tractor retail sales may 2024

 

FADA Retail Tractor Sales May 2024
Manufacturer May'2024 MS May'24 May'2023 MS May'23
Mahindra 15,926 22.73% 15,836 22.36%
Swaraj 13,093 18.69% 12,776  18.04%
Sonalika 9,225 13.17% 8,845 12.49%
Massey Ferguson     8,515 12.15% 8,932 12.61%
Escorts Kubota     7,655 10.93%  7,671 10.83%
John Deere 5,149 7.35% 5,140 7.26%
Eicher 4,461 6.37% 4,507  6.36%
New Holland 2,898 4.14% 2,861 4.04%
Kubota 1,157 1.65% 1,643  2.32%
Others 1,986 2.83% 2,602 3.67%
Total 70,065 100% 70,813 100%

Source: FADA May'24 Tractor Sales Data

6. John Deere Tractor Sales in May 2024 

John Deere's May 2024 retail tractor sale is 5,149 units and it managed to seize 7.35% market share. This recorded sale for May 2024 denotes YoY growth as John Deere sold 5,140 units in May 2023 and its recorded market share was 7.26%

john deere tractor retail sales may 2024

7. Eicher Tractor Sales in May 2024 

Eicher Tractor experienced a YoY drop in May 2024, with a retail tractor sale of 4,461 units and a recorded market share of 6.37%. The company sold 4,507 units in May 2023 and its market share was 6.36%

eicher tractor retail sales may 2024

8. CNH Industrial (New Holland) India PVT. LTD. Tractor Sales in May 2024 

CNH May 2024 retail tractor sales of 2,898 units demonstrated year-over-year growth compared to 2,861 units sold in May 2023, resulting in a lower market share of 4.14% against the previous year’s market share of 4.04%

new holland tractor retail sales may 2024

9. Kubota Agricultural Machinery Pvt. LTD. Tractor Sales in May 2024 

Kubota May 2024 retail tractor sales showed YoY decline as the recorded sales are 1,157 units, resulting in 1.65% market share. In May 2023, Kubota’s retail tractor sales was 1,643 units and the respective market share was 2.32%

kubota tractor retail sales may 2024

10. Other Tractor Brands Sales in May 2024  

For May 2024, the combined other tractor brand sales are 1,986 units and their market share is 2.83%. In May 2023, the total sales of other Indian tractor brands were 2,602 units and its recorded market share was 3.67%. Through this sales analysis, it’s confirmed that other tractor brands performed way better in May 2023. 

other tractor retail sales may 2024

How the Indian Retail Tractor Industry Performed in May 2024

According to the report, the total retail tractor May 2024 sales in India is 70,065 units, with Mahindra & Mahindra being the highest seller, marking 1.05% YoY drop against the 70,813 units sold during May 2023.

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Recently Asked Question about Retail Tractor Sales Register 1.05% Decline in May 2024, Sold 70,065 Tractors

What is the total retail tractor sale in India for May 2024?

The total retail tractor sales in India for May 2024 was 70,065 units.

Which tractor manufacturer had the highest sales in May 2024?

Mahindra & Mahindra had the highest sales in May 2024, with 15,926 units sold, capturing a 22.73% market share.

How did Swaraj, a subdivision of Mahindra & Mahindra, perform in May 2024

Swaraj sold 13,093 units in May 2024, capturing an 18.69% market share, up from 12,776 units and an 18.04% market share in May 2023.

What was the performance of Eicher tractors in May 2024?

Eicher experienced a slight decline in sales, from 4,507 units in May 2023 to 4,461 units in May 2024.

How did John Deere tractors perform in May 2024?

John Deere's sales slightly increased from 5,140 units in May 2023 to 5,149 units in May 2024.

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