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VST Tractor Sales Report June 2024: 3,710 Units Sold, Decline in Domestic Sales


By Robin Kumar AttriUpdated On: 01-Jul-24 01:07 PM
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ByRobin Kumar AttriRobin Kumar Attri |Updated On: 01-Jul-24 01:07 PM
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VST Tillers & Tractors reported decreased sales in June 2024, indicating ongoing challenges in the agricultural machinery market.
VST Tractor Sales Report June 2024: 3,710 Units Sold, Decline in Domestic Sales
VST Tractor Sales Report June 2024: 3,710 Units Sold, Decline in Domestic Sales

Key Highlights

  • VST Tillers & Tractor’s June 2024 sales: 582 tractors, and 3128 power tillers, down from last year.
  • Year-to-date: 6089 tillers (-33.27%), 1293 tractors (-12.10%), total sales down 30.33% compared to 2023.

VST Tillers & Tractors has released its sales report for June 2024, showing a decline in both tractor and power tiller sales compared to the same period last year.

Particulars

June 2024

June 2023

Change

Power Tillers

3,128

4,016

-22.11%

Tractors

582

622

-6.43%

Total (Tillers & Tractors)

3,710

4,638

-20.00%

Tractor Sales

In June 2024, VST sold 582 tractors domestically, down from 622 units sold in June 2023. This marks a decrease of 6.43%.

Power Tiller Sales

Similarly, the company sold 3,128 power tillers in June 2024, compared to 4,016 units sold in June 2023, reflecting a notable drop of 22.11%.

Year-to-Date Sales 2024: Continued Decline

Looking at the year-to-date figures for 2024, VST's sales performance continues to show a downward trend compared to the previous year.

Particulars

June 2024

June 2023

Change

Power Tillers

6,089

9,125

-33.27%

Tractors

1,293

1,471

-12.10%

Total (Tillers & Tractors)

7,382

10,596

-30.33%

These figures indicate a challenging year for VST Tillers & Tractors, reflecting broader economic conditions impacting their sales in the agricultural machinery sector.

Also Read: Mahindra & Mahindra Sets New Record with 6% Rise in Tractor Sales for June 2024

CMV360 Says

VST Tillers & Tractor’s June 2024 sales report reflects a significant decline in both tractor and power tiller sales compared to the previous year. With a notable drop in domestic sales and a continuing downward trend in year-to-date figures, the company faces challenges amid economic conditions affecting the agricultural machinery sector. Adjustments and strategies may be necessary to navigate these challenging market conditions moving forward.

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