site logo
Search Location Location

Ad

Ad

Ad

Tractor Sales Update: 3.21 Lakh Units Sold in last 4 Months, Mahindra Leads the Market


By Robin Kumar AttriUpdated On: 13-Aug-24 07:17 AM
noOfViews9,765 Views

Follow Us:follow-image
Shareshare-icon

ByRobin Kumar AttriRobin Kumar Attri |Updated On: 13-Aug-24 07:17 AM
Share via:

Follow Us:follow-image
noOfViews9,765 Views

Mahindra & Mahindra leads tractor sales with 1.42 lakh units sold in four months, dominating India's competitive tractor market.

Key Highlights

  • 3.21 lakh tractors sold from April to July 2024.
  • Mahindra & Mahindra sold 1.42 lakh units.
  • July 2024 sales slowed to 59,530 units.
  • Tafe and Sonalika followed in sales after Mahindra.

The tractor industry in India has witnessed robust sales over the past four months, with a total of 3.21 lakh tractor units sold from April to July 2024. Among the 13 tractor-selling companies, Mahindra & Mahindra emerged as the top choice for farmers, leading the sales chart.

July 2024 saw a slowdown in domestic tractor sales, with 59,530 units sold. This figure represents a significant drop compared to the previous months. Notably, sales in July were nearly half of those in June, indicating a sluggish month for the industry.

Despite the overall drop in July, Mahindra & Mahindra continued to dominate the market. The company sold 25,587 tractors in July, maintaining its position as the highest-selling tractor brand. Tafe Group followed with 10,284 units, while Sonalika secured third place with 7,493 units sold.

Sales Breakdown by Company

In July 2024, the 13 companies collectively sold 59,530 tractors. Here’s a detailed breakdown of the sales figures for some of the major players:

Smaller companies like CaptainPreet, Indo FarmVSTACE, and SDF together contributed around 1,600 units to the total sales.

April to July 2024

The cumulative sales from April to July 2024 highlight the strong performance of the tractor industry. A total of 3,21,390 tractors were sold during this period. The month-wise sales figures are as follows:

  • April: 76,945 units
  • May: 82,934 units
  • June: 1,01,981 units
  • July: 59,530 units

Mahindra & Mahindra: The Farmer’s First Choice

Mahindra & Mahindra has solidified its position as the preferred tractor brand for Indian farmers, with a total of 1,42,517 tractors sold between April and July 2024. Tafe Group and Sonalika followed with over 54,000 and 41,000 units sold, respectively.

Also Read: Monarch Tractors Considers Setting Up Manufacturing Unit in Telangana

CMV360 Says

The tractor industry in India has shown resilience despite the challenges in July 2024. Mahindra & Mahindra's strong sales performance underscores its popularity among farmers, making it the top choice in the market. As the financial year progresses, it will be interesting to see how the sales figures evolve and whether the industry can regain its momentum in the coming months.

News


Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Explore Swaraj Tractors' innovative range at Krishithon Expo, featuring advanced models designed to enhance farming productivity and efficiency....

21-Nov-24 10:25 AM

Read Full News
TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO clash over Massey Ferguson brand rights, with Madras High Court ordering status quo amid ongoing legal battles....

20-Nov-24 05:35 AM

Read Full News
VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers unveils a 30HP tractor with Stage-V emission standards, combining eco-friendly technology, efficiency, and global market expansion....

19-Nov-24 05:32 AM

Read Full News
Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

The government offers loans with up to 7% interest subsidy for farmers, easing access to affordable funds for agricultural and other needs....

12-Nov-24 06:14 AM

Read Full News
Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic tractor sales grew by 22.37% in October 2024, with 1,44,675 units sold. M&M Group led the market growth....

11-Nov-24 10:03 AM

Read Full News
Mahindra Farm Equipment Raises Growth Outlook for FY25, Aiming for 16% Tractor Market Growth in H2

Mahindra Farm Equipment Raises Growth Outlook for FY25, Aiming for 16% Tractor Market Growth in H2

Mahindra Farm Equipment raises its FY25 growth forecast, targeting 16% tractor market growth, with a focus on alternative fuels....

11-Nov-24 07:29 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.