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Company News, Finance, India, Machinery - Pre-harvesting

The tractor sales have reached 1,28,190 YTD

India’s export brand, Sonalika Tractors has recorded 26 per cent domestic growth to clock 9,741 overall tractor sales in January’23. Largely powered by its recent unprecedented step of revealing tractor prices on the official website and a transformational customer-centric approach, this staggering achievement by Sonalika marks the opening of the year 2023  The tractor sales have reached 1,28,190 YTD.

Sonalika has continued to win farmer’s trust with its unique approach over the years and provide easy access to superior technologies to farmers across the globe. The company has further capitalised on favourable market conditions such as record wheat acreage and construction activities which are in full swing in India. Deepening its commitments further to support agri-ecosystem month after month, Sonalika is fully geared up to meet the ever-changing needs of the farmers along with reliable affordability and ensure exponential income growth.

Raman Mittal, Joint Managing Director, International Tractors Limited said, “Along with launching innovative products, we also keep taking unique initiatives such as revealing tractor prices on our website that indeed has created a kind of revolution among the farming community as we have been witnessing huge influx on our website as well as dealerships. This approach has addressed a big issue for farmers and by ensuring such transparency in the tractor-buying process on our already robust product portfolio, we have been further reinforcing farmer’s trust in our brand. This has enabled us to clock a sturdy 26 per cent domestic growth to beat industry growth and clock 9,741 overall tractor sales in Jan’23. Our YTD growth trajectory has reached 1,28,190 tractor sales which is inspiring for us to remain committed towards farmers and develop a world-class product portfolio for their prosperous future.”

The tractor sales have reached 1,28,190 YTDIndia’s

Company News, Finance, Machinery - Pre-harvesting

Total tractor sales (Domestic + Exports) during July 2022 were at 23307 units, as against 27229 units for the same period last year.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for July 2022. Domestic sales in July 2022 were at 21684 units, as against 25769 units during July 2021.Total tractor sales (Domestic + Exports) during July 2022 were at 23307 units, as against 27229 units for the same period last year. Exports for the month stood at 1623 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21684 tractors in the domestic market during July 2022. After a very robust Q1 wherein we achieved a volume growth of 18 per cent, the month of July witnessed normalization in volumes. July is traditionally a lean month as the land preparation phase, wherein a tractor finds highest utility, gets over and farmers start sowing their crops. Monsoon, which is a key determinant of Agri growth has stayed on course so far. Overall rainfall has been higher than normal barring few states in Eastern part of the country, which have received deficient rainfall until now. With these states being country’s key paddy producing markets, recovery in rainfall is crucial. Festive season falling in later half of August and sufficient rainfalls across most of geographies will shape up the industry in the upcoming months. In the exports market, we have sold 1623 tractors, a growth of 11 per cent over last year.”

Total tractor sales (Domestic + Exports) during

Machinery – Post-harvesting

Domestic sales in June 2022 were at 39825 units, as against 46875 units during June 2021

Mahindra & Mahindra Limited’s Farm Equipment Sector (FES), part of the Mahindra Group, has recently announced its tractor sales numbers for June 2022. Domestic sales in June 2022 were at 39825 units, as against 46875 units during June 2021.

Total tractor sales (Domestic + Exports) during June 2022 were at 41848 units, as against 48222 units for the same period last year. Exports for the month stood at 2023 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Limited said, “We have sold 39825 tractors in the domestic market during June 2022. With good prices for Rabi output, cash flow with farmers is good. Government’s approval on increase in MSP for all Kharif crops and forecast of a normal monsoon is very positive for a bumper Kharif crop. Though Kharif sowing is lagging in the first fortnight of the season than last year due to deficient rainfall in key kharif states, further advancement of Southwest monsoons across the country brings in positive sentiments and is likely to boost the tractor demands in the coming months. In the exports market, we have sold 2023 tractors with a growth of 50 per cent over last year”.

Farm Equipment Sector Summary – June 2022
 JuneYTD June
 F23F22%ChangeF23F22%Change
Domestic3982546875-15%1133839584818%
Exports2023134750%5126408126%
Total4184848222-13%1185099992919%

Domestic sales in June 2022 were at 39825 units,

Company News

The company’s total sales rose 0.16 per cent in January 2022 from 3,640 units sold in December 2021

VST Tillers Tractors a manufacturer of agricultural multipurpose power tillers and tractors in India has announced that the tractors’ total sales have jumped 25.50 per cent to 3,646 units in January 2022 from 2,905 units sold in January 2021.

Sequentially, the company’s total sales rose 0.16 per cent in January 2022 from 3,640 units sold in December 2021.

Further, the company’s power tillers sales grew 40.74 per cent to 3,178 units in January 2022 from 2,258 units in January 2021. Total tractor sales stood at 468 units in January 2022, 27.66 per cent lower than 647 units sold in January 2021.

VST Tillers & Tractors’ net profit rose 7.4 per cent to Rs 32.15 crore on a 5.9 per cent surge in net sales to Rs 233.46 crore in Q2 FY22 over Q2 FY21. Shares of the company fell 1.86 per cent to 3,030 on BSE.

The company's total sales rose 0.16 per

Finance, Transportation

Sonalika has sold 1,05,250 tractors in April-December 2021.

Carrying forward the strong momentum built throughout FY’21, Sonalika Tractors has breached past 1 lakh tractor sales mark in just 9 months (April-Dec’21) of FY’22, thereby charting the path to a new paradigm in 2022. Meanwhile, Sonalika has also entered the coveted club of 25,000+ export tractor sales in 9 months, a unique feat which remains a distant dream for many companies globally. Sonalika has further extended its lead in exports with 3,432 tractor sales and 31.2 per cent market share in December 2021.

Cumulatively, Sonalika has sold 1,05,250 tractors in Apr-Dec 2021. Year after year, Sonalika Tractors has been fast forwarding its sales performance of crossing 1 lakh tractors mark. The company has been manoeuvring through toughest of COVID-19 waves while addressing farmer’s critical requirements with superior technology powered tractors and implements. This also includes the recently launched Sonalika Tiger DI 75 4W CRDs tractor that delivers twin benefits in one tractor – the power of 75 HP tractor and fuel economy of 65 HP tractor. 

Sharing his viewpoint on the remarkable achievement, Raman Mittal, Executive Director, Sonalika Tractors, said, “It gives me great pleasure to announce that we have created a new record sales performance to breach the 1 lakh tractor sales mark in just 9 months of FY’22. Month after month, our strong focus on our mission and persistent approach of closely working with farmers while addressing their diverse needs, has enabled us to clock the extraordinary record 1,05,250 overall tractor sales within 9 months of FY’22 (April-Dec’21).

Sonalika has sold 1,05,250 tractors in April-December