Articles for Tractor Sales

Expect tractor industry festive season sales to grow 8-10 pc this year: Escorts Kubota CFO
1 month ago

Expect tractor industry festive season sales to grow 8-10 pc this year: Escorts Kubota CFO

Live Mint  

New Delhi, Nov 24 Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan. "If you look at season months, which we normally count as …

Sales Festive Season Good Grow Tractor Madan
M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 1 month ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period …

Vehicles Sales Units Month Tractor Sales Total Tractor
Why tractors are winning in rural India
2 years ago

Why tractors are winning in rural India

Live Mint  

What are the chances that someone reluctant to replace a 20-year-old television, a device which only responds to vigorous spanking, will spend a minor fortune to own a new asset? A profit centre Besides higher crop prices and robust government purchases at support prices, several other factors contributed to the post-pandemic growth in tractor sales, said Pushan Sharma, director at …

India Farmers Prices Sales Domestic Sales Sharma Singh
Tractor Sales Likely to Maintain Healthy Sales During FY2022 Due to Increased Agricultural Growth
3 years, 10 months ago

Tractor Sales Likely to Maintain Healthy Sales During FY2022 Due to Increased Agricultural Growth

News 18  

Tractor sales are expected to maintain healthy traction during the upcoming financial year on the back of high agricultural growth as well as rural infra push. “Sales momentum in the tractor industry is expected to continue in FY2022, aided by an expectation of continuation of healthy farm cash flows,” said Shamsher Dewan, Vice President & Sector Head – Corporate Ratings, …

Growth Farm Tractor Tractor Sales
Tractor Industry in India Registers 42 Percent Growth in December 2020; 60,717 Units Sold
3 years, 11 months ago

Tractor Industry in India Registers 42 Percent Growth in December 2020; 60,717 Units Sold

News 18  

India’s Tractor industry continues to perform remarkably well despite slowdown in most of the other auto sectors of the country. India’s Tractor Industry registered an increase and Y-o-Y sales of massive 41.8 percent by selling 60,717 units in December 2020 as against 42,806 units sold in December 2019. Mahindra and Mahindra along with Swaraj Tractors came out the market leader …

India Growth Market Sales Units Sold Tractor
Tractor Sales in India Continue to Rise Amid Labour Shortage Due to Migration, COVID-19
4 years, 3 months ago

Tractor Sales in India Continue to Rise Amid Labour Shortage Due to Migration, COVID-19

News 18  

The Covid-19 pandemic triggered an acceleration in tractor sales in India which is expected to last beyond the festive season, industry insiders opined. The solid rabi crop harvest and the expectation of a good kharif harvest on the back of adequate monsoon is largely driving the sales," said Shruti Saboo, Associate Director, India Ratings and Research. “OEMs have been ramping …

India Sales Units Demand Tractor Tractor Sales
Growing sales of tractors may not propel recovery
4 years, 5 months ago

Growing sales of tractors may not propel recovery

Live Mint  

In June 2020, tractor sales within India jumped 22.5% to 92,888 units. If we just compare June 2020 sales with June 2019 sales, it hints at a revival in the rural economy. Only if tractor sales numbers remain robust between July and September can we suggest a marginal revival in the rural economy. As Panagariya, the first vice-chairman of NITI …

India Economy Agriculture Indian Sales Sector Tractor