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VST Tillers & Tractors saw growth in power tiller sales for August 2024, despite declining tractor and YTD sales.
The VST Tillers & Tractors sales report in August 2024 is now available. The company recorded a total sale of 394 tractors in August 2024, showing a decrease compared to 421 tractors sold in August 2023, which represents a decline of 6.41%. However, the company also experienced a growth in its power tiller sales, selling 4,022 units in August 2024, which was an increase of 11.23% compared to 3,616 units sold during the same month in 2023.
Below is a detailed breakdown of VST Tillers & Tractor’s sales performance for August 2024.
Particulars | August 2024 | August 2023 | % Change |
Power Tiller | 4,022 | 3,616 | 11.23% |
Tractors | 394 | 421 | -6.41% |
Total Sales (Units) | 4,416 | 4,037 | 9.39% |
Despite the drop in tractor sales, VST's strong performance in the power tiller segment led to a positive overall growth of 9.39% in total sales for August 2024.
In the year-to-date (YTD) sales report for 2024, VST Tillers & Tractors faced challenges in both the power tiller and tractor segments. The company sold 15,215 power tillers by August 2024, down by 14.34% compared to 17,762 units sold by August 2023. Tractor sales also saw a decline, with 2,126 units sold YTD in August 2024, representing a 10.56% decrease from 2,377 units sold by the same time in 2023.
Particulars | 2024 | 2023 | % Change |
Power Tiller | 15,215 | 17,762 | -14.34% |
Tractors | 2,126 | 2,377 | -10.56% |
Total Sales (Units) | 17,341 | 20,139 | -13.89% |
Overall, VST Tillers & Tractors is witnessing a mixed performance in 2024, with power tillers showing resilience in the monthly report, while both tractors and power tillers faced declines in year-to-date figures.
VST Tillers & Tractors will be closely monitoring market trends in the coming months to enhance their performance in both segments.
Also Read: VST Tillers Tractors Ltd Reports Rs 22.85 Cr Net Profit for Q1 FY2024
VST Tillers & Tractors experienced growth in power tiller sales for August 2024, despite a decline in tractor sales. However, year-to-date figures show overall declines in both segments. The company will need to adapt to market conditions to drive better performance in the coming months.