VST Tractor Sales Report March 2024: Robust Performance with 762 Tractors & 4,061 Power Tillers Sold

Key Highlights

• March 2024: VST Tractor sales drop by 12.61% compared to March 2023.
• Power tiller sales witness a significant decline of 27.43% in March 2024.
• Total domestic sales for March 2024 decreased by 25.43% compared to March 2023.
• Year-to-date sales show a 4.61% decrease in power tiller sales and a 21.62% decrease in tractor sales.
• Overall, VST's year-to-date sales for March 2024 recorded a 7.21% decline compared to March 2023.

Tractor Sales Down by 12.61% and Power Tiller Sales Drop by 27.43%

VST Tillers & Tractor, a leading company in agricultural machinery, has disclosed its sales report for March 2024. The data reveals a decline in both tractor and power tiller sales compared to the same period last year.

Domestic Tractor Sales Decline

In March 2024, VST sold 762 tractors within the country, witnessing a decrease of 12.61% from the sales figures of March 2023, which stood at 872 units. This indicates a challenging market scenario for tractor sales in the domestic market.

VST Tillers Tractor Sales Data 2024

Significant Drop in Power Tiller Sales

Similarly, the company sold 4,061 power tillers in March 2024, marking a substantial decline of 27.43% from the 5,596 units sold in March 2023. The significant drop raises concerns about the demand for power tillers in the agricultural sector.

Overall Sales Decline

Combining both tractor and power tiller sales, VST reported a total of 4,823 units sold in March 2024. This figure reflects a decline of 25.43% compared to the sales figures of March 2023, which stood at 6,468 units.

Also Read: Escorts Kubota Tractor Sales Drop by 16.7% in March 2024

Continued Decline in Year-to-Date Sales

The year-to-date sales report for March 2024 presented further challenges for VST. The company recorded a 4.61% decrease in power tiller sales, with 36,480 units sold compared to 38,247 units in March 2023. Additionally, tractor sales witnessed a decline of 21.62%, with 5,388 units sold in March 2024 compared to 6,875 units in March 2023.

Year-to-Date Tractor Sales Summary:

Overall Year-to-Date Performance

In total, VST reported 41,868 units sold year-to-date in March 2024, reflecting a 7.21% decrease from the sales figures of March 2023, which stood at 45,122 units.

The consecutive decline in sales indicates challenges for VST in the Indian agricultural machinery market, calling for strategies to address the evolving market dynamics and consumer demands.

Also Read: Mahindra Tractor Sales Report March 2024: Domestic Market Sales Drop by 28%, Exports Up by 26%

CMV360 Says

VST Tillers & Tractor sales for March 2024 exhibited a concerning decline, with both domestic tractor and power tiller sales experiencing significant drops compared to the previous year. The year-to-date sales figures also reflect a downward trend, indicating challenges in the Indian agricultural machinery market.