Domestic Tractor Sales Report May 2023: Modest Growth of 1.19% with 82,920 Units Sold
SDF reported a significant decline in domestic tractor sales by 32.94%, with only 57 units sold in May 2023. The brand's market share also witnessed a dip of 0.03%. This month saw a minor increase of 1.19% in overall domestic tractor sales, with a total of 82.
Domestic tractor sales in India, the world's largest market, experienced a marginal growth of 1.19% in May 2023, with a total of 82,920 tractors sold. The sales growth has been relatively low in the new fiscal year, but industry analysts remain optimistic about an anticipated rise in agri-tech sales in the upcoming months.
Below is the Tractor Sales May 2023 Report of all tractor Brands:-
Manufacturer |
May 2023 |
May 2022 |
% Growth |
MS May 23 |
MS May 22 |
MS YoY |
M&M Group |
33113 |
34153 |
-3.05 |
39.93 |
41.68 |
-1.75 |
TAFE |
16551 |
15927 |
-3.92 |
19.96 |
19.44 |
0.52 |
Sonalika |
10577 |
9493 |
11.42 |
12.76 |
11.59 |
1.17 |
Escorts |
8704 |
7667 |
13.53 |
10.50 |
9.36 |
1.14 |
John Deere |
6591 |
7160 |
-7.95 |
7.95 |
8.74 |
-0.79 |
New Holland |
3146 |
2856 |
10.15 |
3.79 |
3.49 |
0.31 |
Kubota |
1705 |
1947 |
-12.43 |
2.06 |
2.38 |
-0.32 |
Indo Farm |
582 |
577 |
0.87 |
0.70 |
0.70 |
0.00 |
Preet |
578 |
559 |
3.40 |
0.70 |
0.68 |
0.01 |
VST |
325 |
511 |
-36.40 |
0.39 |
0.62 |
-0.23 |
Force |
280 |
323 |
-13.31 |
0.34 |
0.39 |
-0.06 |
Captain |
477 |
463 |
3.02 |
0.58 |
0.57 |
0.01 |
ACE |
234 |
221 |
5.88 |
0.28 |
0.27 |
0.01 |
SDF |
57 |
85 |
-32.92 |
0.7 |
0.10 |
-0.03 |
Total |
82920 |
81942 |
1.19 |
100.00 |
100.00 |
|
- Mahindra & Mahindra, India's largest tractor manufacturer, sold 33,113 units in May 2023, representing a decline of 3.05% compared to the same period last year. The brand also witnessed a decrease in market share by approximately 1.75%.
- TAFE (Tractors and Farm Equipment Limited) reported domestic tractor sales of 16,551 units in May 2023, marking a notable increase of 3.92% compared to May 2022. TAFE's market share witnessed a growth of 0.52%.
- Sonalika Tractors witnessed significant growth, selling 10,577 units in May 2023, representing an 11.42% increase from the previous year. The brand's market share also saw a rise of 1.17%.
- Escorts tractor sales rose by 13.53% with 8,704 units sold in May 2023. However, the brand experienced a slight decline in market share by 1.14%.
Also Read: Sonalika Tractor May 2023 Sales Report: 13,702 Units Sold with 11.42% Domestic Growth
- American tractor giant John Deere recorded a decline in domestic tractor sales by 7.95%, with 6,591 units sold in May 2023. The brand also witnessed a decrease in market share by 0.79%.
- New Holland saw significant growth of approximately 10.15%, selling 3,146 tractors in May 2023. The brand's market share also experienced an increase of 0.31%.
- Japan-based Kubota recorded a decline in domestic tractor sales by 12.43%, with only 1,705 units sold in May 2023. The brand also witnessed a decrease in market share by 0.32%.
- Indo Farm observed a minor growth of 0.87%, selling 582 units in May 2023. The brand's market share remained unchanged.
- Preet's domestic tractor sales in May 2023 increased by 3.40%, with an overall sale of 578 units. The brand's market share experienced a slight growth of 0.01%.
Also Read: Mahindra Tractor Sales Report May 2023: Tractor Sales Drop 4% to 34,126 Units
- VST recorded a significant decline in sales by 36.40%, with only 325 units sold in May 2023. The brand's market share also witnessed a decrease of 0.23%.
- Force company sold 280 tractors in May 2023, experiencing a decline in sales by 13.31%. The brand also witnessed a decrease in market share by 0.06%.
- Captain tractors reported sales of 477 units in May 2023, representing a 3.02% increase compared to May 2022. The brand's market share also witnessed a slight growth of approximately 0.01%.
- ACE witnessed a rise in sales by 5.88% in May 2023, with approximately 234 tractors sold. The brand's market share also experienced a small increase of 0.01%.
- SDF reported a significant decline in domestic tractor sales by 32.94%, with only 57 units sold in May 2023. The brand's market share also witnessed a dip of 0.03%.
Also Read: VST Tillers & Tractors May 2023 Tractor Sales: Saw Uprise with 3,756 Total Units Sold
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