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VST Tillers & Tractors reported decreased sales in June 2024, indicating ongoing challenges in the agricultural machinery market.
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% |
In June 2024, VST sold 582 tractors domestically, down from 622 units sold in June 2023. This marks a decrease of 6.43%.
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%.
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
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.