The domestic sale of tractors in India has taken a direct hit in the current wave of Covid-19 pandemic. The impact is significant in rural areas, where demand for tractors is high, with dealers downing shutters바카라 웹사이트during the resultant lockdown.
Figures compiled by Tractor Junction show that 55,599 units were sold in바카라 웹사이트May 2021바카라 웹사이트against 60,441 during last year, corresponding. This shows a drop in tractor sales by about 8%. Going by the data,바카라 웹사이트it shows that the second wave of Covid-19 has hit hard rural India.
Mahindra & Mahindra바카라 웹사이트sold 22,843 units in바카라 웹사이트May 2021바카라 웹사이트against 24,017 units in바카라 웹사이트May 2020. This data shows a 4.9% decline in sales. But the current leader has further increased its market share by 1.3%, the data adds.
"In바카라 웹사이트May 2021, Covid spread in rural markets led to stringent lockdowns, resulting in deferment of tractor purchase and limited operations at dealerships,” according to Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd.
“In the exports market, we have sold 1,341 tractors with a growth of 314% over last year," he added.
While state-specific lockdowns and localized restrictions continue, there has been a reduction in the number of Covid cases. This, Sikka told Tractor Junction, is leading to a sharp improvement in farmer sentiments and green shoots of recovery are visible, especially since the last week, as farmers start preparing their land for upcoming Kharif crop season.
“A bumper Rabi harvest, record procurement, food prices holding up, gradual opening up of Mandis and expectations of a normal monsoon will pave the way for growth in the upcoming season,” he felt.
Meanwhile, the data showed that TAFE Group witnessed sales declining by 32.4% in comparison to May’20. They sold 9,505 units in바카라 웹사이트May 2021, against 14,070 in바카라 웹사이트May 2020. It also lost its market share by 6.2% in바카라 웹사이트May 2021.
Sonalika Tractor also lost its market share by 0.3% in comparison to바카라 웹사이트May 2020. The company sold 6,857 tractors in바카라 웹사이트May 2021바카라 웹사이트against 7,640 units in바카라 웹사이트May 2020. This shows a decline in their domestic sales by 10.2%.
Escorts Group바카라 웹사이트also recorded a loss in domestic tractor sales in바카라 웹사이트May 2021, with 6,158 units sold in바카라 웹사이트May 2021바카라 웹사이트against 6,454 units in바카라 웹사이트May 2020. The company's domestic sales decreased by 4.6 %. However, Escorts increased its market share by 0.4%, noted the data.
The company바카라 웹사이트sees rural sentiment to be strong on account of all positive macroeconomic factors viz. prediction of a good monsoon, high crop production and better support by the government on crop prices.
Among other manufacturers, John Deere Tractor sales increased by 26.7% in May’21. They have sold 4,321 units in바카라 웹사이트May 2021, against 3,411 in바카라 웹사이트May 2020. With this, John Deere gained 2.1% in their market share in바카라 웹사이트May 2021.
New Holland tractor company라이브 바카라 sales declined by 10.5% this month. They sold 2,189 units in바카라 웹사이트May 2021바카라 웹사이트against 2,447 units in바카라 웹사이트May 2020. New Holland tractor lost its market share by 0.1%.
Kubota Tractor registered second highest growth in this list of tractor company. Kubota tractors sales increased by 145.5% in바카라 웹사이트May 2021. The company data shows 1,382 units sold this year against 563 units in last year. Kubota라이브 바카라 market share increased by 1.6% in May.
Preet Tractor라이브 바카라 domestic sales increased significantly. They recorded a phenomenal growth of 254.7% in domestic tractor sales in바카라 웹사이트May 2021. With this, Preet tractor gains 0.7% in market share.
Indo Farm Tractor domestic sales noted 508 units in바카라 웹사이트May 2021, and it registered 243 units in바카라 웹사이트May 2020. They reported a gain of 109.1%. The Indo Farm Tractor market share increased by 0.5%.
VST Tractor domestic sales declined this month. It registered 496 units against 601 in 2020. This displays an 17.5% decrease, and it also lost 0.1% of the market share. Captain Tractor domestic sales noted 433 units in바카라 웹사이트May 2021, while it registered 256 units in바카라 웹사이트May 2020. They reported a gain of 69.1%. Its market share increased by 0.4% in바카라 웹사이트May 2021.
Force Tractor lost 31.1% in its domestic sales this month. Force tractor domestic sales noted in바카라 웹사이트May 2021바카라 웹사이트were 175 units, and in바카라 웹사이트May 2020바카라 웹사이트were 254 units. They lost 0.1% of the market share. ACE Tractor also registered 38% decline in domestic sales with 116 units sold in바카라 웹사이트May 2021바카라 웹사이트against 187 during last year, corresponding.
In바카라 웹사이트May 2021, SDF Tractor sales noted 91 units, which is 39.3% lower than the tractor sales it recorded in바카라 웹사이트May 2020.
