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John Deere Tops the Higher HP Segment (50HP+, Trem IV), Punjab Tops State Chart

John Deere Tops the Higher HP Segment (50HP+, Trem IV), Punjab Tops State Chart

    John Deere Tops the Higher HP Segment (50HP+, Trem IV), Punjab Tops State Chart

05 Nov, 2024

John Deere India overtakes all other tractor brands in the higher HP segment from Apr '24 to Oct'24, based on Vahan (RTO) registration. This segment comprises 50HP+ TREM IV tractors. Mahindra is not lagging behind either, with a narrow margin of just 15 tractors. This ongoing festive season could potentially change the industry scenario in any direction. With increasing farm mechanization in India, this segment plays a significant role in catering to high-range implements, including:

  • Tractor-driven combine harvesters (TMCH)

  • Threshers

  • Round balers

  • Square balers

  • Straw reapers

  • Loaders and dozers

  • Various other farm and commercial applications

These higher HP range tractors improve efficiency, increase income, and save time in farming activities. The John Deere “E Series” models 5310, 5405, 5075 and Mahindra's “Novo” range 605, 655 & 755 are popular choices in this segment.

Looking at the state wise data Punjab’s farmers prefer this segment, accounting for 25%+ of sales. Madhya Pradesh follows closely. Various subsidy schemes in Punjab contribute to its top position. Under crop residue management and to mitigate severe fog and pollution from straw burning, central and state governments offer subsidies of up to 80% in Punjab.

50 hp plus retail tractor sales in states

In this blog, we analyze retail sales data for 50HP+ tractors from April 2024 to October 2024, highlighting: Top brands & Key states

Above 50HP YTD (Apr-Oct) Retail Tractor Sales - 2024

S.No. Manufacturer Apr'24-Oct'24 Market Share
1 John Deere 3,345 35.28%
2 Mahindra 3,330 35.12%
3 Swaraj 1,061 11.19%
4 New Holland 542 5.72%
5 Sonalika 504 5.32%
6 Escorts Kubota 403 4.25%
7 Massey Ferguson 172 1.81%
8 Same Deutz Fahr 39 0.41%
9 Eicher 32 0.34%
10 Preet 24 0.25%
  Others 30 0.32%
  Total 9,482 100.00%

Top States in Above 50HP Retail Tractor Sales - 2024

S.No. Top States in 50HP+ Apr'24-Oct'24 %Contribution
1 Punjab 2,458 25.92%
2 Madhya Pradesh 1,290 13.60%
3 Uttar Pradesh 903 9.52%
4 Haryana 814 8.58%
5 Maharashtra 798 8.42%
6 Chhattisgarh 689 7.27%
7 Rajasthan 456 4.81%
8 Gujarat 413 4.36%
9 Karnataka 389 4.10%
10 Tamil Nadu 388 4.09%
  Other States 884 9.32%
  Total 9,482 100.00%

"With the festive season nearing its end, the tractor market landscape from April '24 to Oct '24 sets the stage for an exciting finale to the fiscal year. The next five months will reveal interesting trends, especially once the festive season concludes and Vahan registration numbers potentially surge. Vis a vis when northern states begin harvesting crops in February & March. So, these no’s may likely shift from one brand to another.

Stay tuned for further analysis and insights as the market unfolds."

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