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
More News
-
Escorts Kubota Limited Reports August 2024 Tractor Sales of 5,614 Units
-
VST Tillers Tractors August 2024 Sales Report: 4,022 Power Tillers and 394 Tractors Sold
-
VST Tillers Tractors Ltd Reported Rs 22.85 Cr Net Profit for the Quarter Ended June 30, 2024
-
Mahindra’s Farm Equipment Sector Sells 25,587 Tractors in India in July 2024