Retail Tractor sales up by 215.75 percent YoY in May 2022 shows FADA Research

FADA research shows an increase in some market sales from May 2021 to May 2022. The FADA research shows the increment over the sales by comparing May 2021 sales with May 2022 sales.

The data analysis shows that the tractor industry has been getting a boom of a boast as they are being increased enormously. The total sales share in May 2021 was 16,623 while rose to 52, 487 which is huge in a consecutive year.

It reflects that with every passing year there is going to be an increase in the share and purchase of the tractors which is bound to provide prosperity and the greatest opportunities to the farmers across.

 

Here is the detailed analysis of the data shown above featuring the brand performance.

1. Mahindra & Mahindra Tractor

The experts of Mahindra have shown a great rise in their total sales which is quite appealing. 3,805 was its total share in May 2021 which further rose to 11,960. Indicates a high growth in the tractor industry.

 

2. Swaraj Tractor

Swaraj is a multi-talented industry player with a stellar marketing track record dating back a decade. The company sold 2, 951 tractors in May 2021 and 8, 789 in May 2022 which is great.

 

3. TAFE LIMITED (Massey Ferguson Tractor)

The TAFE Limited creates one of the eyes holding scores with their increase in their total sales. This means TAFE Limited made 1,902 sales in May 2021 and now in this year, they increased them to 6,821.

 

4. INTERNATIONAL  TRACTORS  LIMITED (Sonalika tractor)

International Tractors Limited's total shares of sales are increasing year by year. Earlier in May 2021, it had a sale of 2,216, and now this year, it made a sale of 6,111 which is quite satisfying.

 

5. ESCORTS 

Escorts has demonstrated a great deal of commitment in the pursuit of higher and better sales results. It is visible from their increase in the number of sales from 1, 739 in May 2021 to 5, 826 in May 2022.

 

6. JOHN DEERE 

JOHN DEERE INDIA PVT LTD has moved steadily and smoothly with their average to a gradual increase in sales from 1, 316 in May 2021 to 3, 898 in May 2022.

 

7. EICHER TRACTORS

Eicher has successfully accounted for 2, 999 sales in May 2022, which is a significant increase in the sales as compared to 870 in May 2021. It's encouraging to see Eicher blossom and climb the ladder of success.

 

8. CNH INDUSTRIAL (INDIA) PVT LTD (New Holland)

The CNH shows a remarkable result over the increase in the sales of their tractors respectively with the passage of the year.

It had a total sale of 597 in May 2021 which later increased by 2, 254 sales in the year 2022 May.

 

9. KUBOTA  AGRICULTURAL MACHINERY INDIA PVT. LTD

Kubota tractors are the next greatest tractor brand, with a fantastic reaction in terms of sales. In May 2022, it generated 1,161 sales, and in April 2022, it had a sale of 192 which shows a tremendous rise in the power and shares of Kubota machinery.

 

10. Other tractors

May 2022 appears to have not underperformed in terms of tractor growth and total sales. It is safe to predict that all tractor brands in India would do better in the coming years. Tractor brands such as VST and Indofarms have also performed well, with Captain occupying a little increase in their sales share from 111 in May 2021 to 157 in 2021.

 

The growth of the tractor industry is only accountable when there are favorable economic conditions and other necessities which further lead to creating a surge in the tractor market only then the industry will stand strong as a storm and blossom like a flower.

 

Disclaimer

1. The above numbers do not have figures of AP, MO, LD and Ts as they are not yet on Vahan 4. However, for May 2022 numbers Andhra Pradesh has been covered.
2. Vehicle retail data has been collected in 04 – 06 – 2022 in collaboration with Ministry of Road Transport and highways government of India and has been gathered from 1481 out of 1,612 RTOs.