India Tractors https://indiatractors.com All about Indian agricultural equipment, tractor finance and govt subsidies Thu, 19 Sep 2019 14:09:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 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 All India Tractor Sales till August 2019 https://indiatractors.com/2019/09/19/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/ 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/ 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/ 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/ 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/ 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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Escorts Tractors Introduces 24×7 Care Button on Farmtrac and Powertrac Models https://indiatractors.com/2019/05/02/escorts-tractors-introduces-24x7-care-button-on-farmtrac-and-powertrac-models/ https://indiatractors.com/2019/05/02/escorts-tractors-introduces-24x7-care-button-on-farmtrac-and-powertrac-models/#respond Thu, 02 May 2019 14:19:28 +0000 https://indiatractors.com/?p=290 Escorts mentioned that the 24x7 Care button will engage the user with company representatives and they will get a call back within 2 minutes of pressing the button on the tractor.

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Escorts agri announced this Monday that they have introduced a push button on all models of Farmtrac and Powertrac range. This button is called 24×7 Care. Motif of this button is to provide instant assistance to it’s customers in the wee hours.

Escorts mentioned that the 24×7 Care button will engage the user with company representatives and they will get a call back within 2 minutes of pressing the button on the tractor.

Company further added that this will help reduce the connectivity barrier between the company and the customer. New fleet of motorbikes and 4 wheelers is also being added to dealerships so that a prompt service could be provided.

We will share more information on this topic soon.

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Escorts Agri Tractor Sales Down by 18.2% in April 2019 https://indiatractors.com/2019/05/02/escorts-agri-tractor-sales-down-by-18-2-in-april-2019/ https://indiatractors.com/2019/05/02/escorts-agri-tractor-sales-down-by-18-2-in-april-2019/#respond Thu, 02 May 2019 11:02:26 +0000 https://indiatractors.com/?p=284 Total sales for the same period in year 2018 was at 6,094 units which indicates a de-growth of 18.2% this year.

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Escorts agri has reported that the total tractor sale of its Farmtrac and Powertrac models stood at 4,986 units during April 2019.

Total sales for the same period in year 2018 was at 6,094 units which indicates a de-growth of 18.2% this year.

Normally Escorts has a very sound track record of its performance, hence this is can be treated as just a case for given month.

It is worth noting that the export business in in growth where Escorts could sell 202 units during April 2019 against 92 units last year.

Taking a further step in enhanced customer service, Escorts has added a 24×7 Care Button to all its models.

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Agricultural Subsidy and Farmer Welfare Schemes in India https://indiatractors.com/2019/03/13/agricultural-subsidy-and-farmer-welfare-schemes-in-india/ https://indiatractors.com/2019/03/13/agricultural-subsidy-and-farmer-welfare-schemes-in-india/#respond Wed, 13 Mar 2019 14:10:01 +0000 https://indiatractors.com/?p=230 Haryana – State and Centre Govt Schemes for Farmers Meghalaya – State and Centre Govt Schemes for Farmers DBT – Direct Benefit Transfer to Farmers Andaman & Nicobar Icelands – Agricultural Subsidy Details Jammu & Kashmir – Agriculture Subsidy Details Punjab – Agriculture Subsidy and Farmer Welfare Schemes Himachal Pradesh – Agriculture Subsidy and Farmer ... Read moreAgricultural Subsidy and Farmer Welfare Schemes in India

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Haryana – State and Centre Govt Schemes for Farmers

Meghalaya – State and Centre Govt Schemes for Farmers

DBT – Direct Benefit Transfer to Farmers

Andaman & Nicobar Icelands – Agricultural Subsidy Details

Jammu & Kashmir – Agriculture Subsidy Details

Punjab – Agriculture Subsidy and Farmer Welfare Schemes

Himachal Pradesh – Agriculture Subsidy and Farmer Welfare Schemes

Rajasthan – Agriculture Equipment Subsidy Details

MP – Agriculture Subsidy Schemes

Maharashtra -Agriculture Subsidy Schemes

Bihar – Subsidy Details about Farm Mechanization

Jharkhand – Agricultural Subsidy Details

Karnataka – Various Agricultural Subsidy Schemes

Andhra Pradesh – Agri Based Subsidy and Farmer Welfare Schemes

Telangana State – Various Agricultural Schemes

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Mahindra Tractors Jan 2019 Sales Data https://indiatractors.com/2019/02/16/mahindra-tractors-jan-2019-sales-data/ https://indiatractors.com/2019/02/16/mahindra-tractors-jan-2019-sales-data/#respond Sat, 16 Feb 2019 09:51:38 +0000 https://indiatractors.com/?p=211 Mahindra & Mahindra, worlds leading tractor brand sold 20,948 tractors in India against 20,822 tractors during January 2018 previous year. Total sale of tractors (domestic+exports) stood at 22,212 which includes 1264 export units. This is a very good growth over last year for the same period standing at 9 percent. Commenting on the month’s performance, Rajesh ... Read moreMahindra Tractors Jan 2019 Sales Data

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Mahindra & Mahindra, worlds leading tractor brand sold 20,948 tractors in India against 20,822 tractors during January 2018 previous year.

Total sale of tractors (domestic+exports) stood at 22,212 which includes 1264 export units. This is a very good growth over last year for the same period standing at 9 percent.

Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 20,948 tractors in the domestic market during January 2019, a growth of 1% over last year. We believe that the increased focus on agriculture and rural infrastructure will drive positive sentiments and future demand. In the exports market, we sold 1,264 tractors, a growth of 2% over January 2018.”

mahindra tractors sales data
*Exports includes CKD units as well.

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