With 62,542 Units Sold, Retail Tractor Sales Raised By 14.69% In September 2024
Modified On Oct 09, 2024 05:08 PM
FADA's September 2024 Tractor Sales Report Shows Significant Growth, with a 14.69% Surge Across Brands.
FADA has released the retail tractor sales for September, which show a 14.69% overall increase. The tractors sold were 62,542 units in September 2024 compared to 54,529 units in September 2023.
The sales report shows a profit for all the OEMs like Mahindra Tractor, Swaraj, Sonalika, John Deere, New Holland Tractor, Eicher Tractor, and others.
Brands Market Shifts in Retail Tractor Sales Report September 2024
Mahindra Tractor maintained its market share by 0.49% in September 2024. The company sold 14,762 units last month, compared to 12,604 units in September 2023, an increase of 17.12%.
Swaraj Division of Mahindra & Mahindra also registered a profit of 11.67%. The company significantly decreased its market share by 0.47%, representing Swaraj Tractor’s strong performance in the market.
Sonalika Tractor saw a notable increase in its retail tractor sales. The company sold 8,116 units in September 2023, in contrast to the 7,061 units sold in the same month last year. These figures indicate a positive trend for the company by 14.94%. However, Sonalika Tractor also registered a 0.03% growth in market share in the same period.
TAFE Limited's sales increased 8.24%, while its market share decreased 0.61%. The company sold 6,313 units in September 2023, compared to 5,832 units in September 2024.
However, Escorts Tractor dropped its market share by 0.95%. But, the company’s retail sales increased by 6.05%. Escorts Tractor sold 7,285 units in September 2024.
John Deere Tractor experiences an incline in retail tractor sales by 28.29%. In September 2024, the company sold 4843 units, and 3,775 units were sold in the same month last year. John Deere Tractor also profits from its position in market share by 0.82%.
Eicher Tractor reported a slight increase in retail sales report by 1.57%. The tractor sold 3,804 units as against 3,745 units in September 2023. The company lost its market share by 0.79% this month.
New Holland Tractor saw a positive performance in retail tractor sales despite experiencing a 32.82% growth. Additionally, the company gains its market share by 0.55% in September 2024.
On the other hand, Kubota Tractor registered a 30.68% profit in retail sales. The company sold 1,201 units in September 2024, which is less than the 919 units sold in September 2023. The company also raised its market share by 0.23%.
Along with these, the other brands combined sold 2,682 units in September 2024 as against 1,963 units sold in September 2023. The report shows an increase of 36.62%. The market share also declined by 0.69%.
Tractor OEM |
SEP'24 |
SEP'23 |
Change (%) |
Market Share (%) SEP'24 |
Market Share (%) SEP'23 |
Change in Market Share (%) |
MAHINDRA & MAHINDRA LIMITED (TRACTOR) |
14,762 |
12,604 |
17.12154871 |
23.60% |
23.11% |
0.49% |
MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) |
11,011 |
9,860 |
11.67342799 |
17.61% |
18.08% |
-0.47% |
INTERNATIONAL TRACTORS LIMITED |
8,116 |
7,061 |
14.94122646 |
12.98% |
12.95% |
0.03% |
TAFE LIMITED |
6,313 |
5,832 |
8.247599451 |
10.09% |
10.70% |
-0.61% |
ESCORTS LIMITED (AGRI MACHINERY GROUP) |
7,285 |
6,869 |
6.056194497 |
11.65% |
12.60% |
-0.95% |
JOHN DEERE INDIA PVT LTD (TRACTOR DEVISION) |
4,843 |
3,775 |
28.29139073 |
7.74% |
6.92% |
0.82% |
EICHER TRACTORS |
3,804 |
3,745 |
1.575433912 |
6.08% |
6.87% |
-0.79% |
CNH INDUSTRIAL (INDIA) PVT LTD |
2,525 |
1,901 |
32.82482904 |
4.04% |
3.49% |
0.55% |
KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. |
1,201 |
919 |
30.68552775 |
1.92% |
1.69% |
0.23% |
Others |
2,682 |
1,963 |
36.6276108 |
4.29% |
3.60% |
0.69% |
Total |
62,542 |
54,529 |
14.69493297 |
100% |
100% |