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In June 2024, India's domestic tractor sales rose by 3.86% to 101,981 units, with Mahindra leading sales at 45,888 units.
In June 2024, domestic tractor sales in India showed a notable increase of 3.86% compared to the previous year, with a total of 101,981 units sold. Let's dive into the detailed brand-wise breakdown of the June 2024 Tractor Sales Report.
Manufacturer | June'24 | June'23 | % Growth | MS June'24 | MS June'23 | MS YoY |
M&M Group | 45,888 | 43,364 | 5.82 | 45.00 | 44.16 | 0.84 |
Tafe Group | 17,723 | 18,199 | -2.62 | 17.38 | 18.53 | -1.15 |
Sonalika | 14,062 | 12,056 | 16.64 | 13.79 | 12.28 | 1.51 |
Escorts | 9,359 | 9,270 | 0.96 | 9.18 | 9.44 | -0.26 |
John Deere | 8,023 | 7,674 | 4.55 | 7.87 | 7.82 | 0.05 |
New Holland | 3,468 | 3,279 | 5.76 | 3.40 | 3.34 | 0.06 |
Kubota | 1,652 | 1,954 | -15.46 | 1.62 | 1.99 | -0.37 |
Captain | 441 | 580 | -23.97 | 0.43 | 0.59 | -0.16 |
Preet | 398 | 549 | -27.50 | 0.39 | 0.56 | -0.17 |
Indo Farm | 372 | 530 | -29.81 | 0.36 | 0.54 | -0.17 |
VST | 352 | 460 | -23.48 | 0.35 | 0.47 | -0.12 |
ACE | 200 | 207 | -3.38 | 0.20 | 0.21 | -0.01 |
SDF | 43 | 73 | -41.10 | 0.04 | 0.07 | -0.03 |
Total | 101,981 | 98,195 | 3.86 | 100.00 | 100.00 |
Mahindra, India's leading tractor manufacturer, reported sales of 45,888 units in June 2024, marking a 5.82% increase from June 2023 when they sold 43,364 units. Mahindra also gained 0.84% in market share during this period.
Also Read: Mahindra & Mahindra Sets New Record with 6% Rise in Tractor Sales for June 2024
TAFE sold 17,723 tractors in June 2024, reflecting a 2.62% decline from June 2023, when they sold 18,199 units. The company's market share also decreased by 1.15%.
Sonalika International sold 14,062 tractors in June 2024, marking a substantial 16.64% increase from the 12,056 units sold in June 2023. Sonalika also gained 1.51% in market share.
Also Read: Sonalika Tractors June 2024 Sales Report: 41,465 Tractors Sold, Market share reaches 14.4%
Escorts reported sales of 9,359 tractors in June 2024, a slight increase of 0.96% from June 2023 when they sold 9,270 units. However, Escort’s market share saw a small decline of 0.26%.
Also Read: Escorts Kubota Tractor Sales Drop by 2.6% in June 2024
John Deere sold 8,023 tractors in June 2024, marking a 4.55% increase from the 7,674 units sold in June 2023. The company's market share also rose by 0.05%.
New Holland recorded sales of 3,468 tractors in June 2024, a 5.76% increase from the 3,279 units sold in June 2023. The brand's market share grew by 0.06%.
Kubota sold 1,652 tractors in June 2024, showing a significant decline of 15.46% from June 2023. Similarly, brands like Captain Tractor, Preet, Indo Farm, VST, ACE, and SDF also reported decreases in their sales and market shares.
Also Read: VST Tractor Sales Report June 2024: 3,710 Units Sold, Decline in Domestic Sales
Overall, the domestic tractor sales in June 2024 amounted to 101,981 units, marking a positive growth of 3.86% compared to June 2023. This detailed report provides insights into the performance of leading tractor brands in India. For more updates on tractor sales reports, stay tuned with CMV360.