Domestic tractor sales see 13.68% growth on a YOY basis

ATM News Network: The domestic consolidated tractor sales report for March 2023 has been released, and it shows a 13.68% increase in tractor sales with Year On Year basis. During the same time period, in March 2022, a total of 82,864 tractors were sold as compared to 72,891 tractors. Meanwhile, the report shows an increase in the sales of major tractor manufacturers in the country. The news of this content has been released by the website tractorjunction.com.

Mahindra & Mahindra recorded sales of 33,622 tractors in March 2023. In March 2022, 28,112 tractors were sold. There is a 19.60% increase in this category. Mahindra also gained market share by 2.01%.

Tafe Group has reported sales of 13,674 tractors in March 2023 compared to 11,363 tractors domestically in March 2022. A 20% increase is clearly visible in the released data. Fleet also gained 0.91% market share.

Sonalika Tractors' domestic tractor sales grew by 18.34% in March 2023. The company sold 10,616 tractors in March 2023 and 8,971 tractors in March 2023. Sonalika's market share increased by 0.50% this month.

Escorts Kubota Tractors sold 9,601 tractors in March 2023 compared to 9,483 tractors in March 2022. Escorts Group's domestic sales increased by 1.24% this month. Finally, the company's market share decreased by 1.42%.

John Deere Tractor's domestic tractor sales in March 2023 were 5,931 tractors as against 6,121 tractors. John Deere Company's Tractor Sales declined by 3.10% in March 2023 and with this the company's market share decreased by 1.24%.

Subsequently, New Holland Tractor sold 3,707 tractors in March 2023 compared to 3,265 tractors in March 2022. According to the data, tractor sales increased by 13.54% in March 2023.

:) Update yourself with the latest agri business news in English and Marathi with Agri Trade Media. Subscribe Agri Trade Media on Facebook, Instagram and YouTube for more agri B2B news. 

(Except for the headline, this story has not been edited by ATM staff and is published from a web feed.)

(Except for the headline, this story has not been edited by ATM staff and is published from a web feed.)