FADA Reveals That Tractor Sales Will Decline By 1.5% YOY In September 2022
FADA published Retail Tractor Sales Data on October 4, 2022. The data shows total tractor sales of 52,595 units in September 2022, up from 53,392 units in September 2021. As a result, tractor sales in India are expected to fall by 1.49% in September 2022. Tractor sales increased by 37% when compared to September'19, a pre-covid month. With 12050 units sold, Mahindra & Mahindra led the tractor sales chart with 8429 units, followed by M&M's Swaraj division with 6664 units, and International Tractors Ltd of the Sonalika Group with 6206 units.
FADA published Retail Tractor Sales Data on October 4, 2022. The data shows total tractor sales of 52,595 units in September 2022, up from 53,392 units in September 2021. As a result, tractor sales in India are expected to fall by 1.49% in September 2022.
The September 2022 Retail Sales Report
Tractor sales increased by 37% when compared to September'19, a pre-covid month. With 12050 units sold, Mahindra & Mahindra led the tractor sales chart with 8429 units, followed by M&M's Swaraj division with 6664 units, and International Tractors Ltd of the Sonalika Group with 6206 units.
Tractor (TRAC) |
||||
|
Tractor OEM |
SEP’22 |
Market Share (%), sep’22 |
SEP’21 |
Market Share(%), SEP’21 |
|
Mahindra & Mahindra Ltd. (Tractor) |
12,050 |
22.91% |
11,770 |
22.04% |
|
Mahindra & Mahindra Ltd. (Swaraj) |
8,429 |
16.03% |
8,695 |
16.29% |
|
TAFE Limited |
6,664 |
12.67% |
6,130 |
11.48% |
|
International Tractor Limited |
6,206 |
11.80% |
6,481 |
12.14% |
|
Escorts Limited (Agri Machinery Group) |
5,114 |
9.72% |
5,473 |
10.25% |
|
John Deere India Pvt. Ltd. (Tractor) |
4,267 |
8.11% |
4,739 |
8.88% |
|
Eicher Tractors |
3,049 |
5.80% |
2,791 |
5.23% |
|
CNH Industries (India) Pvt. Ltd. |
2,099 |
3.99% |
2,186 |
4.09% |
|
Kubota Agricultural Machinery India Pvt. Ltd. |
1,388 |
2.64% |
1,337 |
2.50% |
|
V.S.T. Tillers & Tractors Limited |
533 |
1.01% |
503 |
0.94% |
|
Captain Tractors Pvt. Ltd. |
516 |
0.98% |
229 |
0.43% |
|
Force Motors Ltd. A Firodia Enterprise |
344 |
0.65% |
346 |
0.65% |
|
Indo Farm Equipment Limited |
204 |
0.39% |
342 |
0.64% |
|
Others |
1,732 |
3.29% |
2,370 |
4.44% |
|
Total |
52,595 |
100.00% |
53,392 |
100.00% |
Apart from that, other brands experienced a 26.92% decline in September 2022. In September 2022, tractor sales were 1,732 units, down from 2,370 units in September 2021. As a result, the company's market share fell by 1.15% in the same month.
Also Read: M&M Anticipates A $200 Million Gross Merchandise Value From Farm Services
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