India Recorded Highest Ever July Sales in Domestic Tractor Sales: 3.3%

In July 2021, India has recorded sales of 66217 units of domestic tractors. As the government lifted the lockdown the sales have gone up by 3.29% for July 2021. Last year only 63137 units of domestic tractors we sold.

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To secure your newly bought vehicle against any unforeseen damage on the field or the road you can buy tractor insurance. It is pocket-friendly and comes with damage protection benefits.

Below is a list of tractor manufacturing brands with their detailed sales report for July 2021.

List of Domestic Tractor Sales Report July 2021

1. Mahindra Group: The company has recorded an increase in the market share by approximately 0.77% in July 2021. They have sold 24463 units in July 2021 and 25769 units in July 2021. Mahindra Group has marked a sales growth of 5.34%. President of Farm Equipment Sector, Mahindra and Mahindra Ltd, Mr. Heman Sikka expressed that they have recorded 5% growth compared to last year because the demand remained constant. It was due to the crop operation that has led to the rise in traction as the monsoon was picking up the pace across all the regions. He has also expressed that this rise in demand has eased up Covid-19 curbs and the Rabi crop procurement has also significantly supported the rural economy.

2. Tafe Group: In July 2020, they have sold 11728 units of domestic tractors and in July 2021, they have sold 11112 units of domestic tractors. Their sales have dropped by 5.25% and they have recorded a loss in the market share by approximately 1.54%.

3. Sonalika TractorThey have recorded a decline in domestic tractor sales by 1.27% in July 2021. This has led them to lose the market share by approximately 0.57%. In July 2020, they have sold 8219 units of domestic tractors and in July 2021, they have sold 8115 units of domestic tractors.

4. John Deere TractorThe company has recorded a loss of approximately 0.80% in the market share. It happened due to the decrease in domestic tractor sales by 3.65% in July 2021. In July 2020, they have sold 7521 units of tractors and in July 2021 they have sold 7244 units of tractors.

5. EscortsGroup: In July 2020 they have sold 4695 units and in July 2021 they have sold 6055 units. They have recorded a growth of approximately 22.25%. Due to this, their market share has increased to 11.94% from 9.28%. Escorts group has expressed that the monsoon activity got slowed down during mid-June to mid-July which affected the sowing of Kharif crops, thus further led to a slowdown in the sales of July 2021.

6. New Holland Tractor: In July 2020 they have sold 2310 units and in 2021 they have sold 2205. Due to this, they have lost their market share by approximately 0.28%. They have recorded a decrease in their sales by 4.55%.

7. Kubota Tractor: They have sold 1953 units of domestic tractors in July 2021 and in July 2020 they have sold 1414 units of domestic tractors. Kubota tractor has recorded an increase in the market share by approximately 0.76%.

8. VST Tractor: In July 2020 they have sold 806 units of domestic tractors and In July 2021 they have sold 694 units of domestic tractors. They have recorded a decline of approximately 13.90%. This marks a loss in market share by approximately 0.21%.

9. Preet TractorIn July 2021 recorded an increase in the market share by approximately 0.45%. In July 2020, they have sold 201 units of tractors and in July 2021 they have sold 503 units of domestic tractors.

10. Indo Farm Tractors: In July 2021 they have recorded a growth of 42.60% in domestic tractor sales. In July 2020 they have sold 331 units of tractors and in July 2021 they have sold 472 units of tractors. The company's market share has increased from 0.52% to 0.72%.

11. Captain TractorIn July 2021 they have sold 439 units and in 2020 have sold 452 units. The company has recorded a decline of approximately 2.88% in domestic tractor sales.

12. Force TractorThe company has noticed an increase of approximately 1.85% in domestic tractor sales in July 2021. Also, the company has recorded a decline in market share by 0.01%.

13. ACE Tractors: In July 2021 ACE tractors have sold 190 units. the company has recorded a sales drop in July 2021. This is approximately 11.21% lower than the domestic sales in July 2020.

14. SDF TractorsIn July 2021, SDF tractors have sold 135 units and in July 200 they have sold 200 units. They have recorded a sales drop in July 2021 of approximately 32.50%. This means they have lost the market share by 0.11%

The Final Word

The July 2021 sales report of domestic tractors has shown overall growth in the market even though some manufacturers have faced a decline in their sales. It is advisable to compare the vehicle online before purchasing so that you can make an informed decision. It is a must to buy tractor insurance to safeguard the newly bought tractor against the damage caused on the field.

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