Domestic Tractor Sales May 2024: 82,934 Units Sold, a 0.36% Increase

Key Highlights

• Total sales: 82,934 units sold in May 2024, a 0.36% increase from May 2023.
• Mahindra: 6.41% growth, 35,237 units sold.
• TAFE: 13.70% decline, 14,284 units sold.
• Sonalika: 5.24% growth, 11,131 units sold.
• John Deere: 9.39% growth, 7,210 units sold.
• Escorts: 5.42% decline, 8,232 units sold.

In May 2024, domestic tractor sales in India slightly increased by 0.36%. A total of 82,934 tractors were sold in May 2024, compared to 82,640 units sold in May 2023. Here is the complete brand-wise sales report for May 2024.

Table for Domestic tractor sales report for May 2024: -

This table represents the wholesale data for the domestic tractor industry for May 2024 compared to May 2023.

Mahindra Tractors

India’s leading tractor manufacturer, Mahindra Tractor, sold 35,237 units in May 2024, a 6.41% increase from the 33,113 units sold in May 2023. Mahindra also gained 2.42% in market share during this period.

Also Read: Mahindra Tractor Sales Rises in May 2024: Sold 35,237 Units, a 6% YoY Growth

TAFE

TAFE's domestic tractor sales in May 2024 dropped to 14,284 units, a 13.70% decline from the 16,551 units sold in May 2023. Additionally, TAFE’s market share decreased by 2.80%.

Sonalika

Sonalika International sold 11,131 tractors in May 2024, up from 10,577 units in May 2023, marking a 5.24% increase. The brand's market share also grew by 0.62%.

Escorts

In May 2024, Escorts sold 8,232 tractors, a 5.42% decrease from the 8,704 units sold in May 2023. The brand's market share also fell by 0.61%.

Also Read: Escorts Kubota Tractor Sales Report May 2024: 5.4% Decline with 8,232 Tractors Sold

John Deere

John Deere sold 7,210 tractors in May 2024, a 9.39% increase from the 6,591 units sold in May 2023. The brand's market share improved by 0.72%.

New Holland

New Holland sold 3,445 tractors in May 2024, a 9.50% increase from the 3,146 units sold in May 2023. The brand's market share also saw a positive growth of 0.35%.

Kubota

Kubota's tractor sales in May 2024 were 1,664 units, a slight decline of 2.40% from the 1,705 units sold in May 2023. The company's market share dropped by 0.06%.

Captain Tractor

Captain Tractor sold 449 units in May 2024, a 5.87% decrease from the 477 units sold in May 2023. The brand's market share fell by 0.04%.

Preet

Preet sold 391 tractors in May 2024, a significant drop of 32.35% from the 578 units sold in May 2023. The market share decreased by 0.23%.

Indo Farm

Indo Farm sold 372 tractors in May 2024, a 36.08% decrease from the 582 units sold in May 2023. The company's market share declined by 0.26%.

VST

VST sold 336 tractors in May 2024, a 3.38% increase from the 325 units sold in May 2023. The market share saw a slight rise of 0.01%.

Also Read: VST Tractor Sales Report May 2024: 496 Tractors, 1978 Power Tillers Sold

ACE

ACE sold 131 tractors in May 2024, a major decline of 44.02% from the 234 units sold in May 2023. The market share dropped by 0.13%.

SDF

SDF sold 52 tractors in May 2024, an 8.77% decline from the 57 units sold in May 2023. The market share decreased by 0.01%.

Overall Sales Summary

Overall, the domestic tractor sales report for May 2024 shows a total of 82,934 tractors sold, compared to 82,640 units in May 2023, marking a 0.36% increase.

Also Read: Captain Tractors Celebrates 30 Years with Grand Launch of New 250 LS Model

CMV360 Says

May 2024 saw a slight increase in domestic tractor sales in India, with a total of 82,934 units sold, up by 0.36% from May 2023. While Mahindra and several other brands experienced growth, TAFE and some others also saw declines. The market dynamics highlight varied performances among manufacturers, reflecting both gains and challenges in the tractor industry. For more updates on tractor sales, stay tuned with CMV360.