India Tractors https://indiatractors.com All about Indian agricultural equipment, tractor finance and govt subsidies Wed, 06 May 2020 11:08:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.4 https://indiatractors.com/wp-content/uploads/2019/01/cropped-gray-yellow-lw-scaled-1.png-1-32x32.png India Tractors https://indiatractors.com 32 32 Escorts Agri Tractor Sales – April 2020 https://indiatractors.com/2020/05/06/escorts-agri-tractor-sales-april-2020/?utm_source=rss&utm_medium=rss&utm_campaign=escorts-agri-tractor-sales-april-2020 https://indiatractors.com/2020/05/06/escorts-agri-tractor-sales-april-2020/#respond Wed, 06 May 2020 11:08:29 +0000 https://indiatractors.com/?p=391 Escorts Ltd Agri Machinery Segment (EAM) in April 2020 sold 705 tractors against 5,264 tractors sold in April 2019. Domestic tractor sales in April 2020 was at 613 tractors against 4,986 tractors in April 2019. Sales was impacted by nationwide lockdown resulting in closure of dealerships in most areas and for most part of the ... Read moreEscorts Agri Tractor Sales – April 2020

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Escorts Ltd Agri Machinery Segment (EAM) in April 2020 sold 705 tractors against 5,264 tractors sold in April 2019.

Domestic tractor sales in April 2020 was at 613 tractors against 4,986 tractors in April 2019. Sales was impacted by nationwide lockdown resulting in closure of dealerships in most areas and for most part of the month. Most of the sales was recorded in last few days of the month after the exemption of sale of Agri Machinery was announced by the Union Government on 20th April. Ground situation is expected to improve further over the next few days and weeks.

Overall rural sentiments are positive because of good expected output of Rabi crop and a favourable initial prediction of monsoons this year. Opening of mandis, aggressive procurement of crops by Government, and gradual opening of banks and NBFCs are positive indicators for near term recovery in demand. Going forward, we expect tractor industry to recover faster as compared to some other sectors.

Exports tractor sales for the month of April 2020 was at 92 tractors as against 278 tractors sold in April 2019.

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Mahindra Tractors April 2020 Sales Data https://indiatractors.com/2020/05/06/mahindra-tractors-april-2020-sales-data/?utm_source=rss&utm_medium=rss&utm_campaign=mahindra-tractors-april-2020-sales-data https://indiatractors.com/2020/05/06/mahindra-tractors-april-2020-sales-data/#respond Wed, 06 May 2020 10:08:25 +0000 https://indiatractors.com/?p=385 Mumbai, May 1, 2020: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for April 2020. Domestic sales in April 2020 were at 4,716 units, as against 27,495 units during April 2019. Total tractor sales (Domestic + Exports) during April 2020 ... Read moreMahindra Tractors April 2020 Sales Data

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Mumbai, May 1, 2020: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for April 2020.

Domestic sales in April 2020 were at 4,716 units, as against 27,495 units during April 2019. Total tractor sales (Domestic + Exports) during April 2020 were at 4,772 units, as against 28,552 units for the same period last year. Exports for the month stood at 56 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 4,716 tractors in the domestic market during April 2020. The extension of the national lockdown impacted the business, with dealers partially open for just a few days. Going forward, several positive factors including a good Rabi output, opening of procurement centres by the Government, indication of good crop prices, reservoir levels etc., augur well for tractor demand. However, the rate of improvement will depend on how quickly the on-ground sales operations, including the start of NBFCs are normalized, following the relaxation of the lockdown. In the exports market we have sold 56 tractors.”

Above story published from Mahindra & Mahindra official website.

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Extended Warranty by Sonalika Tractors to It’s Existing Customers amidst Lockdown https://indiatractors.com/2020/04/24/extended-warranty-by-sonalika-tractors-to-its-existing-customers-amidst-lockdown/?utm_source=rss&utm_medium=rss&utm_campaign=extended-warranty-by-sonalika-tractors-to-its-existing-customers-amidst-lockdown https://indiatractors.com/2020/04/24/extended-warranty-by-sonalika-tractors-to-its-existing-customers-amidst-lockdown/#respond Fri, 24 Apr 2020 08:43:26 +0000 https://indiatractors.com/?p=381 Sonalika tractors offered extended warranty to it’s existing customers for next 3 months i.e. March, April and May due to all India lockdown. This is a big relief for the customers as they can not utilize their warranty due to curfews. Sonalika, India’s fastest growing tractor company has shown its commitment to farmers with it’s ... Read moreExtended Warranty by Sonalika Tractors to It’s Existing Customers amidst Lockdown

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Sonalika tractors offered extended warranty to it’s existing customers for next 3 months i.e. March, April and May due to all India lockdown. This is a big relief for the customers as they can not utilize their warranty due to curfews.

Sonalika, India’s fastest growing tractor company has shown its commitment to farmers with it’s customer-centric approach.

“At this crucial time, we stand committed to support the farming community and have taken optimal measures to stay responsive during these tough situations. We shall be honoring extension of warranty by 3 months considering the circumstance of pandemic where customers are supposed to be home-bound. Our toll free number is functional with limited resources”, said Raman Mittal, Executive Director, Sonalika Group.

“The initiative will ensure that tractors with warranty expiring in the month of March, April and May 2020 will be offered an extension of 3 months from the warranty expiry date. Additionally, any missed scheduled maintenance services shall also be taken care of. We assure customers of our continued assistance during these difficult times and hope this small gesture will help ease any concerns they have regarding their tractor”, he added.

Source – News and Sonalika Official Instagram page.

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February 2020 – Market Share and Sales Data of Indian Tractors https://indiatractors.com/2020/03/08/february-2020-market-share-and-sales-data-of-indian-tractors/?utm_source=rss&utm_medium=rss&utm_campaign=february-2020-market-share-and-sales-data-of-indian-tractors https://indiatractors.com/2020/03/08/february-2020-market-share-and-sales-data-of-indian-tractors/#respond Sun, 08 Mar 2020 05:40:01 +0000 https://indiatractors.com/?p=375 Here is the overall market share and sales data of all major Indian tractor companies in India. Mahindra , Tafe and Sonalika are leading the Indian tractor market.

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Here is the overall market share and sales data of all major Indian tractor companies in India. Mahindra , Tafe and Sonalika are leading the Indian tractor market.

market share and sales data of all major Indian tractor companies in India

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All India Tractor Sales till August 2019 https://indiatractors.com/2019/09/19/all-india-tractor-sales-till-august-2019/?utm_source=rss&utm_medium=rss&utm_campaign=all-india-tractor-sales-till-august-2019 https://indiatractors.com/2019/09/19/all-india-tractor-sales-till-august-2019/#respond Thu, 19 Sep 2019 14:09:47 +0000 https://indiatractors.com/?p=338 All India Tractor Sales till August 2019

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All India Tractor Sales till August 2019

india tractor sales data
Source: TMA, Economic Times

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Tractor Companies Reduce Production due to Sales Downfall https://indiatractors.com/2019/06/29/tractor-companies-reduce-production-due-to-sales-downfall/?utm_source=rss&utm_medium=rss&utm_campaign=tractor-companies-reduce-production-due-to-sales-downfall https://indiatractors.com/2019/06/29/tractor-companies-reduce-production-due-to-sales-downfall/#comments Sat, 29 Jun 2019 09:55:34 +0000 https://indiatractors.com/?p=320 “Based on the current trend , markets where demand has slowed we have optimised our stock but in markets with positive demand we have mobilized our resources and
inventory," said Raman Mittal, ED, Sonalika Group.

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Drought situations in Maharashtra and Tamilnadu has slowed down the sale of tractors this year, causing reduced production by companies.

2019 seems to be a tough year for Indian tractor industry as the sever heat wave has caused drought or drought like situation in many states. This has caused low demand of tractors from most of the states.

Mahindra has already announced that it will observe no production days for around 13 days for all its segments, same is expected from other players like Escorts in the market.

“Monsoon situation is a worry though in the last few days it has been picking up speed. The reservoir levels are very low and drought is acute. In Maharashtra the market is down by 30-50% and in Tamil Nadu it is down by 20-30% already.,” said Shenu Agarwal, chief executive, agri machinery & emerging business, Escorts Limited.

These markets together comprise just under 10% of the tractor industry and it is thanks to high-growth markets like Madhya Pradesh that the industry has been able to
counter their sales drop. As far as dealer inventory goes, he said, Escorts has brought it down to between 21-25 days in the last few years.

“However in February and March some extra tractors were kept in our depot to cater to the April Navratra which turned out to be a damp squib,” said Agarwal. “As a result
our inventory was more than we would like to keep and in April, May and June we cut production to reduce our depot inventory,” he added. Currently the inventory levels
for the tractor industry is around 5 weeks or 35 days.

“Based on the current trend , markets where demand has slowed we have optimised our stock but in markets with positive demand we have mobilized our resources and
inventory,” said Raman Mittal, ED, Sonalika Group.

“Things are not that bad right now (as in 2001-02) and most of the production correction has already been done,” said Agarwal.

“Based on the current trend , markets where demand has slowed we have optimised our stock but in markets with positive demand we have mobilized our resources and
inventory,” said Raman Mittal, ED, Sonalika Group.
“Things are not that bad right now (as in 2001-02) and most of the production correction has already been done,” said Agarwal.

You may also like – New Holland wins ITOTY Award.

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Escorts Agri Tractor Sales Data for May 2019 https://indiatractors.com/2019/06/29/escorts-agri-tractor-sales-data-for-may-2019/?utm_source=rss&utm_medium=rss&utm_campaign=escorts-agri-tractor-sales-data-for-may-2019 https://indiatractors.com/2019/06/29/escorts-agri-tractor-sales-data-for-may-2019/#respond Sat, 29 Jun 2019 09:28:10 +0000 https://indiatractors.com/?p=317 Escorts Agri Machinery of Escorts group reported a downfall in tractor sales during May 2019.

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Escorts Agri Machinery of Escorts group reported a downfall in tractor sales during May 2019.

Escorts sold total of 6,827 tractors during May 2019 against total tractor sale of 8,325 in May 2018 same period. This is a downfall of 18%.

Domestic sale stood at 6,488 units while sale for same period in 2018 was 8,087 units, hence a downfall of 19.8 percent.

Exports in the first two months of FY20 spurted 87% at 617 units vs. 330 units in the same period a year ago, the company said in a press note to the exchanges on Saturday.

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New Holland Agriculture Wins IToTY (Indian Tractor of the Year) Award https://indiatractors.com/2019/06/29/new-holland-agriculture-wins-itoty-indian-tractor-of-the-year-award/?utm_source=rss&utm_medium=rss&utm_campaign=new-holland-agriculture-wins-itoty-indian-tractor-of-the-year-award https://indiatractors.com/2019/06/29/new-holland-agriculture-wins-itoty-indian-tractor-of-the-year-award/#comments Sat, 29 Jun 2019 09:19:47 +0000 https://indiatractors.com/?p=313 New Holland agriculture is a world famous agricultural equipment company having very strong presence in Indian subcontinent.

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New Holland agriculture is a world famous agricultural equipment company having very strong presence in Indian subcontinent.

The TractorJunction organised very first annual award for the tractor industry and New Holland bagged 3 awards.

First prize won by New Holland is the best tractor between 46-50HP catagory. The New Holland tractor model 3600-2 was selected as best tractor in this segment. The 3600-2 is the best performing tractor which comes with inline and rotary FIP. tractor also has 2000kg lift capacity and 12+3 speed gearbox.

Newly launched tractor 3037TX by New Holland also bagged best tractor in category of 31-40HP.

New Holland won another award as best Corporate Social Responsibility (CSR) Initiative – Multi-Media School Education Project- New Holland Digital Classroom.

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Mahindra Tractors May Month Sales Data https://indiatractors.com/2019/06/29/mahindra-tractors-may-month-sales-data/?utm_source=rss&utm_medium=rss&utm_campaign=mahindra-tractors-may-month-sales-data https://indiatractors.com/2019/06/29/mahindra-tractors-may-month-sales-data/#respond Sat, 29 Jun 2019 09:06:57 +0000 https://indiatractors.com/?p=311 Mahindra & Mahindra tractors which is a 20.7 Billion USD company, shared the tractor sales data for India and export markets.

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Mahindra & Mahindra tractors which is a 20.7 Billion USD company, shared the tractor sales data for India and export markets.

Mahindra sold total 23,539 tractors during May month, which was 28,199 for same month in 2018. Total volume including export stood at 24,704. Total volume for year 2018 was at 29,330 tractors.

Commenting on the performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 23,539 tractors in the domestic market during May 2019. The tractor demand has been lower than expected in the month of May. We hope that a strong push by the Government on agri initiatives coupled with a near normal monsoon forecast by IMD would boost the tractor demand in the near future. In the exports market, we have sold 1,165 tractors, a growth of 3% over May 2018.”

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Mahindra Tractors April 2019 Sales Down https://indiatractors.com/2019/05/02/mahindra-tractors-april-2019-sales-down/?utm_source=rss&utm_medium=rss&utm_campaign=mahindra-tractors-april-2019-sales-down https://indiatractors.com/2019/05/02/mahindra-tractors-april-2019-sales-down/#respond Thu, 02 May 2019 14:33:06 +0000 https://indiatractors.com/?p=292 Remarking on the execution, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra and Mahindra Ltd. stated

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Local market sale in April 2019 were at 27,495 units, as against 29,884 units amid April 2018. Complete tractor sales (local market + export) amid April 2019 were at 28,552 units, as against 30,925 units for a similar period a year ago. Export sales for the month remained at 1,057 units.

Remarking on the execution, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra and Mahindra Ltd. stated, “We have sold 27,495 tractors in the Indian market amid April 2019. We expect that the forecast of a typical southwest monsoon will bring positive notion and enhance tractor demand. In the export, we have sold 1,057 tractors, a development of 2% over April 2018”.

*Exports include CKD

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