Enquiry icon

Enquiry Form

Record Tractor sales in july 2020; Sales jump 37.24% year on year

Record Tractor sales in july 2020; Sales jump 37.24% year on year

    Record Tractor sales in july 2020; Sales jump 37.24% year on year

Record Tractor sales in july 2020; Sales jump 37.24% year on year

11 Aug, 2020

The whole Covid-19 pandemic has affected almost every industry worldwide like never before. But despite it, the tractor manufacturing industry has witnessed a staggering growth in the July of FY2020 as compared to that of July 2019.

Though there are certain companies that mark little downfall in their market share a large proportion of companies have experienced decent growth.

Here, we are telling you the good and bad aspects of the market share of distinct tractor manufacturing companies as per the well-known FADA estimates. (Federation of Automobile Dealers Associations.)

The Big-wigs

First and foremost, India's front runner among the top tractor companies, Mahindra and Mahindra encountered a market share of 24.42% with 18,607 units as compared to the records of the same month of the fiscal year 2019 in which the company has a market share of 24.13% with 13,399 units.

Although the share didn't see a rise of massive proportions, it's noteworthy to see the astonishing growth in its market share for its Swaraj division. Here, the share of the company hiked by 1.15% from the last financial year.

At the same time, TAFE Limited with its acclimatize attitude managed to make increment in its market share by holding 12.57% in the total market share with 9,579 units which was merely 6500 in July 2019.

While International Tractors Limited has experienced a downfall in its market share but managed to grab the fourth position in the list with 8,989 units capturing 11.80% of market share which was 12.85% in the last year.

Another renowned name in the list the Escorts limited has successfully escorted its growth rate by marking 11.52% market share while it was just 10.78% in 2019 with 5,988 units.

However, it is to be noted that a brand like Eicher has not sustained the growth rate as it has observed a downturn in its market share.

Although there is an increment in its units, the percentage of growth has decreased this year. Eicher marks 6.52% of market share this year.

How the overseas brands fared?

To start with, John Deere does not come with good news. While the sales kept afloat in general there was a sudden dip in that. As a result, its market share has come down to a noble 6.63%

If we talk about the overseas brands CNH industrial and Kubota agricultural machinery limited, the former registered the market share percentage of 3.46 which is less than the previous year of 3.70%.

However, there was an increment of 583 units in July-FY 2019.

The records of Kubota in July 2020 is pleasing as there was an upsurge in its percentage as well as unit share in the market. It has a market share of 1.59% with 1211 units in the July month of FY 2020.

Talking about the niche and smaller players

In the case of some relatively small players, Captain Tractors Pvt. Limited and Force Motors Limited have tasted success with increment in their shares. Captain Tractors came to 1.06% from 0.69% while the latter experienced the small growth from 0.48% to 0.56%.

On the other hand, VST Tillers Tractor goes down to 1.21% from 1.26% with 920 units and the Info Farm Equipment Limited has a market share of 0.19% with 148 units which were 0.29% in the previous year.

Going forward

In sum, the pandemic, in myriad ways, has brought the best of both worlds for the brands. Some have outshone while others are yet to catch up. The cherry on the cake here is a hope of a good market after the Kharif season as the cultivation area is significantly increased this year.

Disclaimer:

  1. The above numbers do not have figures from AP, AN, MP, LD & TS as all these States/UT's are not yet on Vahan 4.
  2. Vehicle Registration Data has been collated as on 07.08.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1235 out of 1445 RTO's.

 

Read More

 Top 7 Powertrac Tractors | Price & Features in India 2021       

Top 7 Powertrac Tractors | Price & Features in India 2021

Read More  

 Top 5 best puddling tractors in India 2021       

Top 5 best puddling tractors in India 2021                         

Read More  

 कृषि के क्षेत्र में ये हैं भारत के टॉप 11 राज्य!       

कृषि के क्षेत्र में ये हैं भारत के टॉप 11 राज्य!                                

Read More

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/110542/657015e577ef7-fada-retail-tractor-sales-in-november-2023.jpg

FADA Tractor Sales November 2023 - Retail Tractor Sales is 61969, Down by 21.28% YoY

The Federation of Automobile Dealers Associations (FADA) has released its retail tractor sales data...

https://images.tractorgyan.com/uploads/110544/657024f01ae49-fada-retail-tractor-sales-report-for-november-2023.jpg

फाडा ट्रैक्टर बिक्री नवम्बर 2023 में 21.28% की गिरावट

फाड़ा ने हाल ही में नवम्बर 2023 की रिटेल ट्रैक्टर बिक्री रिपोर्ट (FADA Tractor Sales November 2023)&n...

https://images.tractorgyan.com/uploads/106238/64db7671a7a51-mahindra-oja-unveils-7-lightweight-4wd-tractors.png

Mahindra OJA Unveils 7 Revolutionary Lightweight 4WD Tractors

Built Tough in India, for India & the World  • A paradigm shift in tractor design a...

Select Language

tractorgyan offeringsTractorGyan Offerings