April 2023 FADA Tractor Sales Report- Registered Sales of 55,835 Tractors

The report provides valuable insights into the performance of each brand and the factors that influenced their sales figures.

According to the FADA Sales Report 2023, there has been a modest 1.48% increase in the sales of tractors this year. Despite this subdued growth, FADA Retail Data indicates that there is potential for increased demand for tractors due to the government's plan to invest in new infrastructure and construction projects.

Therefore, while the current sales figures may not be impressive, there is optimism that the future demand for tractors may improve as a result of the government's spending plans.

To gain a better understanding of the growth trends for each tractor brand over the past financial year, let's examine the report more closely.

Tractor OEM	APR'23	Market Share (%) APR'23	APR'22	Market Share (%) APR'22
MAHINDRA & MAHINDRA LIMITED (TRACTOR)	12,639	22.64%	10,698	19.44%
M&M LIMITED (SWARAJ DIVISION)	9,550	17.10%	8,068	14.66%
INTERNATIONAL TRACTORS LIMITED	6,964	12.47%	6,334	11.51%
TAFE LIMITED	6,746	12.08%	5,977	10.86%
ESCORTS LIMITED	6,243	11.18%	5,014	9.11%
JOHN DEERE	4,577	8.20%	4,170	7.58%
EICHER TRACTORS	3,215	5.76%	3,824	6.95%
CNH INDUSTRIAL	2,262	4.05%	1,924	3.50%
KUBOTA	1,318	2.36%	1,265	2.30%
V.S.T. TILLERS TRACTORS	308	0.55%	358	0.65%
FORCE MOTORS	262	0.47%	376	0.68%
PREET TRACTORS	221	0.40%	364	0.66%
INDO FARM	210	0.38%	338	0.61%
Others	1,320	2.36%	6,309	11.47%
Total	55,835	100.00%	55,019	100.00%

The report provides valuable insights into the performance of each brand and the factors that influenced their sales figures. By analyzing this data, we can better comprehend the current state of the tractor industry in India and make informed decisions about future growth and development.

According to the FADA tractor sales report, there has been a notable growth of 18.14% in the sales of Mahindra tractors. Moreover, Mahindra & Mahindra Limited has emerged as the top performer in the market, exhibiting a remarkable increase in market share of 3.20%. The Swaraj Division of M&M Limited has also displayed impressive results, ranking second in terms of sales and market share growth with a rise of 2.44%. The report further highlights that the sales records have escalated by almost 18.37%.

According to the FADA Sales report, there has been a notable increase in the sales of tractors manufactured by International Tractors Limited, which can be considered satisfactory. Sonalika tractor sales have also witnessed a significant hike of 9.95%. In addition, the general market share has risen by approximately 0.96%. Meanwhile, TAFE has experienced a remarkable growth of 12.87% in sales, positioning the company behind Mahindra and ahead of other competitors in terms of overall market growth with an increase of 1.22%, as stated in the FADA tractor sales report of 2023.

Escorts Limited achieved an impressive growth rate of 24.51% in their tractor sales, surpassing their competitors. John Deere also experienced growth, albeit at a comparatively slower rate of 9.76%. On the other hand, Eicher Tractors suffered a decline of 15.93% in their sales, and their market share also shrank by 1.19%. Kubota's tractor sales increased by 4.19%, indicating a modest growth trend. V.S.T. tractors, however, showed a significant drop of 13.97% in sales. Furthermore, other brands' tractor sales slumped by a staggering 79.08%, leading to a reduction of their market share by 9.11%.

-FADA Report

Also Read:-

VST Tillers & Tractor April Sales Report 2023: Saw Decline in Overall Sales

Tractor Sales Report: Escorts Kubota April 2023 Tractor Sales Declined by 9.1 Percent

March 2023 Retails Sales Report: Sales Increased By 3.83% And Sold 81,067 Tractors