By Priya Singh
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In November 2023, VST sold 295 units of tractors in the domestic market. This figure represents a 46.07% decline compared to the 547 tractors sold in November 2022.
The power tiller segment also witnessed a decline in sales for November 2023. VST sold 1801 power tillers in November 2023, compared to 2045 units in November 2022.
VST Tillers & Tractors Ltd. released its domestic sales report for November 2023, providing insights into its performance. The sales report reflects tractor and power tiller units sold during November 2023.
Power tillers are essential tools for small and marginal farmers, offering them a cost-effective solution for land preparation and cultivation. VST's commitment to providing reliable power tillers has made them a preferred choice among farmers. The decline in sales is attributed to several factors, including unfavourable weather conditions.
The power tiller segment also witnessed a decline in sales for November 2023. VST sold 1801 power tillers in November 2023, compared to 2045 units in November 2022, reflecting a decrease of 11.93%. As a result, there has been a decrease in power tillers sales, with a difference of 244 units of Power Tillers.
| Particulars | November 2023 | November 2022 | % Change |
|---|---|---|---|
| Power Tiller | 1801 | 2045 | -11.93% |
| Tractors | 295 | 547 | -46.07% |
| Total Power Tiller & Tractor sales (in Nos) | 2096 | 2592 | -19.13% |
In November 2023, VST sold 295 units of tractors in the domestic market. This figure represents a 46.07% decline compared to the 547 tractors sold in November 2022. As a result, there has been a decrease in tractor sales, with a difference of 252 units of tractors.
Also Read: VST Tractor Sales Report August 2023: Remarkable Growth with 421 Tractors & 3616 Power Tillers Sold
| Particulars | 2023 | 2022 | % Change |
|---|---|---|---|
| Power Tiller | 22875 | 21393 | 6.92% |
| Tractors | 3508 | 4396 | -20.2% |
| Total Power Tillers & Tractor sales | 26383 | 25789 | 2.3% |
VST Tillers and Tractors Limited has announced its year-to-date Tillers & Tractor Sales Report for November 2023. The year-to-date figures for power tiller sales indicate a positive trend for VST, with a 6.92% increase in sales. The company recorded 22,875 units sold year-to-date in 2023, compared to 21,393 units during the same period in 2022.
However, the year-to-date tractor sales witnessed a decline. In November 2023, VST sold 3,508 tractors, marking a 20.2% decrease from the 4,396 units sold in 2022.
Despite the challenges reflected in the sales figures, VST Tillers & Tractors remains optimistic about its position in the market. Their innovation and dedication to providing farmers with high-quality machinery are expected to sustain and enhance their growth in the coming months.