Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon



wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Annual tractor production crosses 1 m, exports surpass 1 lakh for the 1st time in 2021

Annual tractor production crosses 1 m, exports surpass 1 lakh for the 1st time in 2021

    Annual tractor production crosses 1 m, exports surpass 1 lakh for the 1st time in 2021

10 Jan, 2022

Despite hitting a 20-month low in production and domestic sales in December, the calendar year 2021 proved to be a record year for the tractor industry with annual production surpassing the one million milestone and exports crossing the one lakh mark for the first time in history.

Strong domestic sales momentum in the first half of 2021 and sustained growth in exports in the past several months pushed the total domestic tractor production for 2021 to1,065,280 units, the highest-ever annual number, as compared to 8,63,125 units in 2020.

Domestic sales up

Total domestic sales grew 13 per cent at 9,03,724 units in 2021 compared to 8,02,670 units in 2020, while exports recorded a 61 per cent at 1,24,901 units, the highest-ever annual export volume. In 2020, exports were 77,378 units.

However, December 2021 saw tractor production and domestic sales hit a 20-month low.

“Total domestic sales declined by 27 per cent at 44,428 units in December 2021 as compared to 61,249 units in December 2020. On a sequential basis, December volumes plunged 30 per cent as compared to November 2021 sales of 63,783 units,” according to data provided by the Tractor & Mechanisation Association (TMA).

Tractor industry performance (in Units)

Year Production Domestic Sales Exports
2021 1065280 903724 124901
2020 863125 802670 77378
2019 775085 723518 80482
2018 897342 789473 93988

“De-growth in sales in December has been on account of a combination of factors, including the high base of last year and both delayed and very heavy rainfall in some geographies, according to Hemant Sikka, President-Farm Equipment Division, Mahindra & Mahindra Ltd, which reported 21 per cent drop in its December tractor sales.Total production was lower at 53,527 units during December 2021 as compared to 67,566 units in November 2021 and 91,969 units in December 2020. However, boom in tractor exports continued as shipments were higher by 7 per cent at 11,186 units in December 2021 when compared with 10,491 units in December 2020.“This was the fifth month of subdued tractor sales and can be attributed to relatively high base and delayed harvest owing to uneven and prolonged monsoons. Accordingly rural sentiments have been relatively muted,” said Shamsher Dewan, Vice-President & Group Head - Corporate Ratings, ICRA.

The tractor market leader Mahindra expects a recovery in the coming months due to good progress of Kharif procurement bringing liquidity in the hands of farmers and Rabi acreage showing signs of growth over last year.

“We expect a 2-6 per cent decline in tractor sales for FY2022. However, medium-term drivers aided by steady support to the farming community and rising mechanisation trend remain favourable,” said Dewan.

courtesy: www.thehindubusinessline.com


Read More

 ITL (Sonalika+Solis) achieves overall tractor sales of 1,05,250 tractors in first 3 Quarter       

ITL (Sonalika+Solis) achieves overall tractor sales of 1,05,250 tractors in first 3 Quarter

Read More  

 Mahindra’s FES Sells 16687 tractors in India during December 2021       

Mahindra’s FES Sells 16687 tractors in India during December 2021                              

Read More  

 VST Sold 3089 Power Tillers and 551 tractors in december 2021       

VST Sold 3089 Power Tillers and 551 tractors in december 2021                                    

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/113823/6692222f0f3c2-vst-zetor-introduced-tractors-in gujarat.jpg

VST Zetor Introduced Tractors in Gujarat

12 July 2024: VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HT...


Mahindra vs Sonalika: The New Battleground in Global Tractor Markets

Mahindra Tractors is the world’s largest tractor manufacturer and the top tractor-selling bran...


जून 2024 में हार्वेस्टर रिटेल बिक्री: जानिए ब्रांड प्रदर्शन और मासिक वृद्धि के बारे में

ट्रैक्टर के अलावा, हार्वेस्टर भारत में बड़ी मात्रा में बिकने वाला कृषि उपकरण है। आज हम आपके लिए...

Select Language

tractorgyan offeringsTractorGyan Offerings