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VST showcases strong sales in March 2024, selling 762 tractors and 4,061 power tillers, reflecting robust performance in agricultural machinery.
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.
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
Particulars | March 2024 | March 2023 | % Change |
Power Tiller | 4,061 | 5,596 | -27.43% |
Tractors | 762 | 872 | -12.61% |
Total Power Tiller & Tractor sales (in Nos) | 4,823 | 6,468 | -25.43% |
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.
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
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:
Particulars | March 2024 | March 2023 | % Change |
Power Tiller | 36,480 | 38,247 | -4.61% |
Tractors | 5,388 | 6,875 | -21.62% |
Total Power Tillers & Tractor sales | 41,868 | 45,122 | -7.21% |
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%
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.