Page 2 - Tractor Sales

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors

Mahindra reports 2% increase in tractor sales to 46,558 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 2 per cent increase in its tractor sales at 46,558 units in October. The company had sold 45,433 units of tractors in October 2019, Mahindra & Mahindra (M&M) said in a statement. Domestic sales grew 2 per cent to 45,588 units in October this year compared to 44,646 units in the year-ago month, it added. Exports during the month stood at 970 units, as compared to 787 units in October last year, up 23 per cent, the company said. "We continue to witness unprecedented retail demand which is likely to be higher than wholesale numbers on back of expectations of a higher Kharif output and good cash flow in the market," M&M President - Farm Equipment Sector Hemant Sikka said. Auspicious festival days ahead, coupled with mechanisation requirements for ongoing Kharif harvesting and impending Rabi sowing season augurs well for the industry, he added.

Tractor sales may grow 10-12% in FY21 due to strong rural income: Ind-Ra

Tractor sale volumes are expected to grow 10-12 per cent this fiscal over the previous year primarily driven by a strong rural income owning to solid rabi crop harvest, ratings agency Ind-Ra has said

Tractor sales cross the 100,000 mark in September; only third time in 3 yrs

Tractor sales had crossed the 100,000 mark in October 2018 and October 2019 previously

Auto companies show signs of recovery, increase dispatches by 13%

Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy

Tractor sales rise nearly 65% year on year in Aug as farming holds steady

Industry remains optimistic for festival months as the supply side has improved significantly compared to last month.

Tractor sales expected to post 9% growth in FY21 on demand pick-up: ICRA

tractor demand has rebounded with a robust growth in sales volumes in the past few months and the industry may post a 7-9 per cent growth in 2020-21, ICRA said

Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%

Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a cautious approach towards funding

Tractor sales remain strong in August with estimated 70% growth

Increase in Kharif sowing area, good monsoon, good rural cash flows and base effect among factors that have driven volumes

Mahindra's auto dispatches decline 13% in August, tractors up 69%

Mahindra's passenger vehicle segment that includes the utility vehicles and passenger cars was a saving grace and helped offset some decline in the overall auto sales

Escorts Ltd posts best-ever August sales; domestic tractor sales shoot 80%

The company's domestic sales rose to 6,750 units from 3,763 units

M&M's tractor sales momentum crucial for uptick from current levels

Capital allocation and auto segment volume trajectory are the other triggers

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April

Tractor demand will continue to remain buoyant, says M&M's Hemant Sikka

With about 75 per cent of tractors sold on finance, we have aligned finances very well starting in May itself building out further in June and July

Tractor sales grow as monsoon, govt help for farmers lift rural economy

Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus

Our collections have doubled each month during April-June: M&M Finance MD

In a Q&A, Ramesh Iyers asserts that the company isn't raising capital due to roadblocks

Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound

Pent-up demand, rural focus of these segments aid sales recovery

Bucking pandemic slowdown: June tractor production highest since Jan 2019

Timely arrival of monsoon, record Rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market

Tractor sales rise in June; commercial vehicles segment continues to skid

Mahindra & Mahindra Farm Equipment Sector's domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019.

Auto sales likely to see sequential growth in next 2 months: Report

The tractor segment reported strong volume despite current tough situation owing to positive sentiment following a healthy Rabi output, it said