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Retail Tractor sales down by 9.07% YoY in November 2021 shows Fada Research

Retail Tractor sales down by 9.07% YoY in November 2021 shows Fada Research

    Retail Tractor sales down by 9.07% YoY in November 2021 shows Fada Research

The sales graph for Nov’21 goes a little down, the growth in sales show depreciation as compared to Nov’20.

08 Dec, 2021

Good days Seldom come after hardships, tractor industry seems like undergoing this quote. Retail tractor sales graph shows a little disappointing note as the overall sales figure for Nov’21 stands to be 45629 while for Nov’20 it stands to be 50180 shows Fada Research. Here is the complete information of tractor brands scoreboard against sales figure for Nov’21 in comparison with Nov’20.
 

1. Mahindra & Mahindra
Pioneers of the market too show a steep in sales figure of 10697 in Nov’21 which is a bit low than the 12187 in Nov’20.  The growth here is a necessity more than an expectation.
 

2. Swaraj
Another headstrong tractor brand surprises us by culminating in the total of 7664 sales accounts in Nov’21 which is comparatively shrunk as Nov’ 20 stands with a total of 8695 sales figures.
 

fada research

3. International tractors
Even a bit of decrease rides the heartbeat with speed. International tractors seem to be low again but the ratio is a little low which still keeps our expectation on. The Nov’20 sales figure accounts to 5830 than the Nov’21 sales figure which is 5568.
 

4. TAFE Limited
5448 in Nov’21 and 5715 in Nov’20 is the comparative sales figure which shows depreciation for the following year. The reasons for such steeps remain unfolded amongst us, wherein we still hope to see better growth and improved results.
 

5. Escorts Limited
The tractor brand is recognised in the space of industry, the tractor brand has summed up to 4443 in Nov’21 than the 4795 in Nov’20. The fall in sales figure of Escorts tractor is quite heart wrenching and thus, better performance and sale improvement is expected.
 

6. John Deere tractors
3776 happens to be the sales figure in Nov’21 whereas the 4311 happens to be the sales figure in Nov’20.
 

7. Eicher Tractors
Good things takes time, might be this is the scenario for a revolutionalised tractor brand like Eicher. As the sales figure, 2855 of Nov’21 claims to be a bit less than Nov’20 which is 3125.
 

8. Kubota 
The next big player of the industry has however managed to account for 1066 of total sales in Nov’21 which is quite more than the sales of Nov’20 which is 785. Thus, the sales have however done a lot of justice in terms of brand efforts and performances.

 

9. Others
The other tractor brand like VST, continues to show a decrement in the sales figure while Captain, Force motors, Indo Farm and other tractor brands show up a huge appraisal in the sales figure.
 

The decrease and unexpected decrement of the tractor sales seems to have various determinants that affect it largely. Be it market restart or economic conditions, the tractor brands are largely expected to make an upward shift in the sales graph and depict more efficiency in the market. To stay updated about a lot of things related to tractors keep visiting Tractor Gyan.

 

Disclaimer:-

1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.

2. Vechile Retail Data has been collated as on 05.10.21 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,357 out of 1,570 RTOs.

 

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