Tractor

Mahindra & Mahindra to bring 40 tractor models under new OJA brand

Mahindra & Mahindra Ltd on Thursday said its tractor division will bring 40 new models under a new brand OJA, built on a lightweight global platform. The Mahindra OJA tractors will focus on both domestic and international markets including the US, Japan and South-East Asia, the company said in a statement. It will have four sub-tractor platforms the sub-compact, compact, small utility and large utility tractor categories, covering 40 models across various multiple HP points, it added. The new future-ready range of tractors has been developed under the global tractor programme, K2 through close cooperation between the engineering teams of Mitsubishi Mahindra Agriculture Machinery, Japan, and Mahindra Research Valley, India, the R&D centre for Mahindra's Auto and Farm sector, the company said. "Slated for launch later this year, the OJA is Mahindra's future-ready approach to tractorisation exemplified by numerous first best-in-class technologies for improved performance and ...

No slowdown in FY24 tractor sales even if El Nino hits: John Deere's Jagtap

The India head of the US farm equipment firm feels overall tractor sales might see a slight dip in FY23, after a good FY22

SKM announces tractor march in 20 states, mahapanchayat in Haryana's Jind

The Samyukt Kisan Morcha (SKM) on Wednesday said foot marches and tractor rallies will be held in 20 states and a mahapanchayat convened in Haryana's Jind on Thursday to mark Republic Day and pay homage to those who died during the protests against three farm laws, which have since been repealed. "On the call of the Samyukt Kisan Morcha, farmers all over the county will mobilise again on January 26 to observe Republic Day and hold tractor rallies, foot marches and conventions after hoisting the national flag," it said in a statement. The foot march and tractor rallies will cover 300 districts in 20 states. Homage will be paid to all "kisan martyrs who lost their lives in the historic struggle of farmers against the anti-farmer government". Memorandum will be given to district collectors, the SKM said. A kisan mahapanchayat will be held in Jind in Haryana and the SKM will expose the conspiracy of the BJP government to break its unity, it said.

Tractor headwinds may offset M&M's strong utility vehicle segment show

Upsides may be limited given the sharp rerating for the stock since March

PV sales expected to be strong in July as production rises: Report

Passenger vehicle sales are expected to be robust in July, driven by a large order book and production ramp-up, while commercial vehicle volumes may remain in an uptrend, a report said on Thursday. However, tractor volumes are likely to decline due to a high base and uneven spread of the monsoon, according to brokerage firm Emkay Global Financial Services, which has retained a positive view on the auto sector. Emkay Global also expects an improvement in two-wheeler sales on the back of higher production and inventory build-up with dealers. Passenger vehicle segment should witness a robust growth on a large order book and production ramp-up, with automakers such as Tata Motors, M&M and Maruti Suzuki expected to log 49 per cent, 28 per cent and 8 per cent volume growth, respectively, in July, the brokerage firm said. For the two-wheeler segment, the brokerage estimates a 35 per cent improvement in domestic sales for Eicher Motor-Royal Enfield, 6 per cent each for TVS Motor and Hero .

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Bank of Baroda inks pact with Mahindra & Mahindra for tractor finance biz

The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen

Tractor demand to grow at 10-12% in FY19; to moderate to 4-5% in FY20: Icra

In terms of profitability of tractor manufacturers, Icra said it remains linked to industry demand -- expanding during industry up-cycle and contracting during downturns

Tractor industry may clock 9-10% growth in FY17: ICRA

M&M sold 15,918 units in the domestic market in November, down from 20,819 during November 2015

Used tractor sales grew around 10% pa, but new tractors sales tapered

The country's largest organised channel for used tractor transactions, Shriram Automall India said that on the whole, the used tractor space has clocked growth in the past two years or so

Mahindra enters farm equipment rental biz

Launches Trringo rental service for farmers who can't afford their own tractor and farm equipments