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VST reports mixed sales for December 2024: strong power tiller growth, declining tractor sales, and overall 38.5% growth.
VST has shared its sales report for December 2024, showing mixed results for its tractors and power tillers. The company achieved significant growth in total sales, with a rise of 38.5% compared to December 2023.
Also Read: Mahindra Tractor Sales Rise in December 2024, Showing 22% Growth
In December 2024, VST sold 3,007 power tillers, marking a 47.5% increase from the 2,039 units sold in December 2023. This indicates a strong demand for power tillers, contributing significantly to the company’s performance.
Tractor sales, however, showed a drop in December 2024. VST sold 365 tractor units, down 7.6% from the 395 units sold during the same month last year.
In total, VST sold 3,372 tractors and power tillers in December 2024, a 38.5% increase from the 2,434 units sold in December 2023.
Particulars | December 2024 | December 2023 | Change (%) |
Power Tillers | 3,007 | 2,039 | +47.5% |
Tractors | 365 | 395 | -7.6% |
Total | 3,372 | 2,434 | +38.5% |
For the full year of 2024, VST’s sales performance showed mixed results:
Overall, VST sold 28,016 units (power tillers + tractors) in 2024, a 2.8% drop compared to 28,817 units sold in 2023.
Particulars | YTD 2024 | YTD 2023 | Change (%) |
Power Tillers | 24,019 | 24,914 | -3.6% |
Tractors | 3,997 | 3,903 | +2.4% |
Total | 28,016 | 28,817 | -2.8% |
Also Read: Escorts Kubota Tractor Sales Report December 2024: 5,016 Tractors Sold with 12.5% Decline
VST’s December 2024 performance highlights a strong rise in power tiller sales but a drop in tractor sales. The company’s total sales for the year reflect a mixed trend, with slight growth in tractor sales but a decline in power tiller sales. While December showed positive growth overall, the year-to-date numbers suggest challenges for VST in maintaining consistent sales across its product segments.