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In May 2024, domestic tractor sales in India rose by 0.36%, with 82,934 units sold compared to 82,640 in May 2023.
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.
Manufacturer | May'24 | May'23 | % Growth | MS May'24 | MS May'23 | MS YoY |
M&M Group | 35237 | 33113 | 6.41 | 42.49 | 40.07 | 2.42 |
Tafe Group | 14284 | 16551 | -13.70 | 17.22 | 20.03 | -2.80 |
Sonalika | 11131 | 10577 | 5.24 | 13.42 | 12.80 | 0.62 |
Escorts | 8232 | 8704 | -5.42 | 9.93 | 10.53 | -0.61 |
John Deere | 7210 | 6591 | 9.39 | 8.69 | 7.98 | 0.72 |
New Holland | 3445 | 3146 | 9.50 | 4.15 | 3.81 | 0.35 |
Kubota | 1664 | 1705 | -2.40 | 2.01 | 2.06 | -0.06 |
Captain | 449 | 477 | -5.87 | 0.54 | 0.58 | -0.04 |
Preet | 391 | 578 | -32.35 | 0.47 | 0.70 | -0.23 |
Indo Farm | 372 | 582 | -36.08 | 0.45 | 0.70 | -0.26 |
VST | 336 | 325 | 3.38 | 0.41 | 0.39 | 0.01 |
ACE | 131 | 234 | -44.02 | 0.16 | 0.28 | -0.13 |
SDF | 52 | 57 | -8.77 | 0.06 | 0.07 | -0.01 |
Total | 82934 | 82640 | 0.36 | 100.00 | 100.00 | 0.00 |
This table represents the wholesale data for the domestic tractor industry for May 2024 compared to May 2023.
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'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 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%.
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 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 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'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 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 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 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 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 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 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, 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
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.