Page 3 - Tractor Sales

Sonalika Tractors sales grow 48% to 15,200 units in June, exports up 3.4%

Domestic sales were at 13,691 units as against 8,827 units in June last year, a growth of 55.1%

Tractor sales surge in June, buoyed by positive farm sentiment: Industry

Mahindra & Mahindra Ltd's Farm Equipment Sector (FES) domestic sales in June saw a surge of 12 per cent to 35,844 units, as against 31,879 units sold during June 2019

Mahindra & Mahindra rallies 10% in 2 days on healthy tractor sales in May

The timely relaxation of the lockdown for the agricultural sector ensured speedy recovery of tractor demand during May.

Lockdown 3.0: Rural India may drive demand recovery amid Covid-19 crisis

Top executives at auto, tractor and consumer packaged goods firms are optimistic. They are betting on the reverse migration of labourers boosting consumption and prediction of a favourable monsoon.

Mahindra & Mahindra tractor-led portfolio to cushion revenue fall

Higher tractor margins, cash on books and better capital allocation policy are positives

Positive rural sentiment pushes tractor retail sales up by 13.52%

The entire auto segment reported 2.60 per cent growth in retail sales

Auto sale picks up in Feb but negative outlook for March over Coronavirus

Dealers are facing a new challenge with the Coronavirus cases being detected in India and an alarming drop in customer walk-ins in auto showrooms

Demand uptick on the back of firm crop prices to bolster tractor stocks

Higher rabi output, no BSVI impact and firm crop prices are positives

Mahindra & Mahindra tractor sales rise 3% to 17,990 units in December

Mahindra & Mahindra on Wednesday reported 3 per cent increase in total tractor sales in December at 17,990 units. The company had sold 17,404 units of tractor in December 2018, M&M said in a statement. Domestic tractor sales were at 17,213 units last month as compared to 16,510 units December 2018, a growth of 4 per cent, it added. Exports were at 894 units as against 777 units in the same month previous year, down 13 per cent. Commenting on the sales performance, M&M President - Farm Equipment Sector Rajesh Jejurikar said, "tractor demand looks positive in the near term led by the expectation of a better Rabi output, supported by crop prices and government thrust on irrigation, rural infra and agri sector.

M&M pre-tax profit skids 15%, revenue falls 15% as overall sales decline

The Mumbai-based firm remained cautious in its outlook on passenger vehicles amid a prolonged slowdown and disruptions expected the switchover to BSVI emission norms

Auto components maker Carraro relies on new tech to drive India business

The move will help the company to tide over the slowdown, said Alberto Negri, chief executive

Tepid credit offtake, dipping tractor sales hint at farm sector slowdown

Delayed monsoon arrival in parts of the country compounds farmers' woes; overall kharif sowing down by 12%

States plough Rs 10 bn in subsidies to incentivise tractor sales this year

The subsidy offered varies from state to state, but it is significant in most cases

Supreme Court order puts brake on sales of tractors, construction vehicles

India is a large tractor market, with average monthly sale of 48,000 units

Strong tractor sales to improve M&M's margin in FY17

Revenues grew 15.6% to Rs 10,172 crore due to price hikes taken across product range in June quarter

Good rains put tractor sales in higher gear

M&M leads the surge with 20% rise in sales during first four months of current fiscal

Domestic tractor sales down 12% during April-Feb FY16

Analysts feel the industry would grow at 8-9% CAGR in the long term