site logo
Search Location Location

Ad

Ad

Ad

Retail Tractor Sales Report for July 2024: A Decline of 11.95%


By Robin Kumar AttriUpdated On: 05-Aug-24 07:03 AM
noOfViews9,875 Views

Follow Us:follow-image
Shareshare-icon

ByRobin Kumar AttriRobin Kumar Attri |Updated On: 05-Aug-24 07:03 AM
Share via:

Follow Us:follow-image
noOfViews9,875 Views

Tractor sales in July 2024 fell by 11.95%, with key brands experiencing mixed results amid market challenges.

Key Highlights

  • Overall tractor sales dropped by 11.95% to 79,970 units.
  • Mahindra & Mahindra saw an 11.92% decline in sales.
  • John Deere experienced a 13.06% increase in sales.
  • TAFE Limited's sales fell by 36.52%, impacting its market share.

On August 5, 2024, the Federation of Automobile Dealers Associations (FADA) released the retail tractor sales data for July 2024. The report reveals a notable decline of 11.95% in tractor sales compared to the same month last year. A total of 79,970 tractors were sold in July 2024, down from 90,821 units sold in July 2023.

Sales Performance by Brand

The sales performance of various tractor brands shows significant variations:

Tractor OEM

JULY 2024 SALES

MARKET SHARE (%)

JULY 2023 SALES

MARKET SHARE (%)

Mahindra & Mahindra Limited (Tractor)

18,422

23.04%

20,914

23.03%

Mahindra & Mahindra Limited (Swaraj Division)

16,265

20.34%

16,383

18.04%

International Tractors Limited

11,141

13.93%

11,063

12.18%

Escorts Kubota Limited (Agri Machinery Group)

8,274

10.35%

8,534

9.40%

TAFE Limited

7,884

9.86%

12,420

13.68%

John Deere India Pvt Ltd (Tractor Division)

6,251

7.82%

5,529

6.09%

Eicher Tractors

5,420

6.78%

6,796

7.48%

CNH Industrial (India) Pvt Ltd

3,018

3.77%

3,191

3.51%

Kubota Agricultural Machinery India Pvt Ltd

1,461

1.83%

1,876

2.07%

Others

1,834

2.29%

4,115

4.53%

Total

79,970

100%

90,821

100%

Brand-Specific Insights

Retail Tractor Sales Report for July 2024: A Decline of 11.95%
Retail Tractor Sales Report for July 2024: A Decline of 11.95%

Mahindra & Mahindra Limited (Tractor Division)

Mahindra & Mahindra sold 18,422 tractors in July 2024, showing a decrease of 11.92% compared to 20,914 units sold in July 2023. Despite the drop in sales, the company's market share remained relatively stable, with a slight increase to 23.04%.

Also Read: Mahindra & Mahindra Reports 8% YoY Growth in Tractor Sales for July 2024

Mahindra & Mahindra Limited (Swaraj Division)

Swaraj Tractor, a division of Mahindra, experienced a minor decline of 0.72% in sales, with 16,265 units sold in July 2024 compared to 16,383 units in July 2023. However, Swaraj Tractor's market share grew to 20.34%, reflecting a 2.30% increase.

International Tractors Limited

International Tractors Limited saw a slight increase in sales with 11,141 units sold in July 2024, up from 11,063 units in July 2023. The company's market share improved to 13.93%, up by 1.75%.

Also Read: Sonalika Sets Record with 50,000 Tractor Sales from April to July 2024

Escorts Kubota Limited (Agri Machinery Group)

Escorts Kubota's sales declined by 3.05% to 8,274 units in July 2024, compared to 8,534 units in July 2023. Despite this decrease, their market share increased by 0.95%.

Also Read: Escorts Kubota Sold 5,769 Tractors in July 2024, Achieving a 3.6% Growth

TAFE Limited

TAFE Limited's sales fell significantly by 36.52% to 7,884 units in July 2024 from 12,420 units in July 2023. The company experienced a corresponding decline in market share by 3.82%.

John Deere India Pvt Ltd (Tractor Division)

John Deere India reported a 13.06% increase in sales, with 6,251 units sold in July 2024 compared to 5,529 units in July 2023. The company's market share also saw a rise, increasing by 1.73%.

Eicher Tractors

Eicher Tractors experienced a 20.25% decrease in sales, with 5,420 units sold in July 2024 compared to 6,796 units in July 2023. The company's market share decreased by 0.70%.

CNH Industrial (India) Pvt Ltd

CNH Industrial saw a 5.42% drop in sales, selling 3,018 units in July 2024 compared to 3,191 units in July 2023. Despite the decrease, the company's market share increased slightly by 0.26%.

Kubota Agricultural Machinery India Pvt Ltd

Kubota's sales declined by 22.12% to 1,461 units in July 2024 from 1,876 units in July 2023. Their market share saw a minor decrease of 0.24%.

Others

Other brands collectively sold 1,834 units in July 2024, marking a 55.43% decrease compared to 4,115 units in July 2023. Their market share also fell by 2.24%.

The decline in overall tractor sales reflects a challenging market environment, with various brands experiencing mixed outcomes in July 2024.

CMV360 Says

In July 2024, tractor sales dropped by 11.95%, with a total of 79,970 units sold. While major brands like Mahindra and TAFE saw declines, others like John Deere and International Tractors showed growth. The market's overall contraction highlights the ongoing challenges within the agricultural machinery sector.

News


Mahindra Tractors Celebrates Kisan Diwas with Digital Tribute to Farmers

Mahindra Tractors Celebrates Kisan Diwas with Digital Tribute to Farmers

Mahindra Tractors celebrates Kisan Diwas with a digital campaign, encouraging gratitude for farmer’s contributions using the hashtag #ThankYouKisan....

21-Dec-24 10:21 AM

Read Full News
80% Subsidy on Small Tractor for Potato Digging: Apply Now

80% Subsidy on Small Tractor for Potato Digging: Apply Now

Farmers can get an 80% subsidy on the Chotu Tractor, designed for efficient potato digging, reducing time and costs....

21-Dec-24 08:58 AM

Read Full News
Mahindra and Coromandel Join Hands to Bring Drone Technology to Indian Farmers

Mahindra and Coromandel Join Hands to Bring Drone Technology to Indian Farmers

Mahindra and Coromandel partner to bring drone technology to Indian farmers, boosting productivity, reducing costs, and modernizing agriculture....

19-Dec-24 08:32 AM

Read Full News
Sonalika Launches New Advanced Technology Tractors at Kisan Pune 2024 Exhibition

Sonalika Launches New Advanced Technology Tractors at Kisan Pune 2024 Exhibition

The Sonalika Tiger DI 26 and 65 CRDS 4WD tractors are Designed in Europe....

17-Dec-24 08:38 AM

Read Full News
Solis Yanmar Showcases New Tractors at Kisan Agri Show 2024

Solis Yanmar Showcases New Tractors at Kisan Agri Show 2024

Solis Yanmar introduced advanced Solis 6524 4WD and 3210 2WD tractors, showcasing Japanese technology to boost farming productivity at the Kisan Agri Show....

17-Dec-24 06:47 AM

Read Full News
ACE Launches ACE DI 6565 AV TREM IV Tractor at KISAN Fair 2024

ACE Launches ACE DI 6565 AV TREM IV Tractor at KISAN Fair 2024

ACE launches the DI 6565 AV TREM IV tractor with 60.5 HP power and 2200 kg lifting capacity at KISAN 2024....

16-Dec-24 04:51 AM

Read Full News

Ad

Ad

As featured on:

entracker
entrepreneur_insights
e4m
web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.