Tractor Companies

We will always be open to talks with Tafe: Massey Ferguson's Luis Felli

He talks about the issues with TAFE and the future roadmap in one of the company's first interviews since the 'tractor war' began

Tractor industry festive sales may grow 8-10% in FY25: Escorts Kubota CFO

Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan. After a soft first half, the tractor industry is expected to gain momentum in the second half of the ongoing fiscal, growing in double digits, leading to an overall mid-single digit growth for the full year, he told PTI. "If you look at (festive) season months, which we normally count as September to November, we expect there'll be a growth of 8 to 10 per cent this year over last year's season months," Madan said. He was responding to a query on how tractor sales in the industry fared during the festive season. The festive season months account for about 40-45 per cent of the industry sales, he said, adding that this year, "in terms of volume, the industry will be somewhere around 3,25,000 tractors" fo

Monarch Tractors discusses investment, mfg plans with Telangana govt

Monarch Tractors, a U.S.-based driver-optional electric tractor company, met with Telangana Chief Minister Revanth Reddy, and other senior government officials during their trip to the U.S. aimed at bringing investments into Telangana, an per an official release.According to the release, Monarch Tractors has had a research and development center in Hyderabad since 2023. The company discussed plans to expand that R & D center, creating more high-tech jobs in the region. Monarch team announced to set up an autonomous tractor testing facility in Hyderabad to complement the R & D work they do here.The Telangana delegation also pitched to Monarch Tractors, to bring manufacturing operations to the state. "We were delighted to meet Chief Minister Reddy and other officials to discuss our commitment to innovation in Telangana," said Praveen Penmetsa, CEO of Monarch Tractors."Our R & D center in Hyderabad has been instrumental to building our advanced driver-optional smart electric .

Govt focus on agri, rural incomes to sustain tractor demand: Swaraj Engines

The government's focus on improving the state of agriculture in India and several initiatives taken by it to drive higher rural incomes are likely to support to sustain the tractor demand momentum despite industry sales witnessing a decline of 7 per cent, according to Swaraj Engines Ltd. The company, which supplies diesel engines for tractors manufactured by M&M Swaraj Division, in its annual report for 2023-24, said the growing horticultural segment in the country also offers good opportunities to increase tractor penetration in the lower horsepower (HP) market. "The domestic tractor industry for FY24 at 8,75,700 units registered a degrowth of 7 per cent over last year's (FY23) 9,45,300 units mainly because of erratic and uneven rainfall distribution that impacted kharif output, coupled with the high industry base of FY23," it said. On the outlook and opportunities, Swaraj Engines in its management discussion and analysis said factors like increasing affordability with adequate ..

Above normal monsoon to drive tractor sales; time to buy related stocks?

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said

Plan to invest up to $50 mn in 2024, launch 105HP tractor in May: CNH India

Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, will focus on the compact range of tractors of below 30-40 horsepower (HP), besides targeting to sell 1,000 baler machines (used for managing stubble) this year. Currently, CNH India has a four per cent market share in the tractor business in India and has a considerable presence in the 45-50 HP range of tractors. Speaking to PTI, CNH India and SAARC Country Manager and Managing Director Narinder Mittal said there is a huge potential in India's agriculture sector, and the company intends to double its market share to 8 per cent in the next four years. "We plan to invest about USD 40-50 million in the current calendar year in the agriculture segment, including the progra

Erratic monsoon may halt tractor stocks' rally in near-term: Analysts

Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check

Brokerages positive about Escorts Kubota's medium-term growth plans

Near-term worries for the stock include volume uncertainty, premium valuations

SUVs to tractors: M&M not taking foot off pedal, on recovery road

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%

The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list

From M&M to Escorts, tractor makers hitch a ride on farm machinery

A saturated tractor market and increasing mechanisation provide the momentum

Tractor sales set to hit speed bumps as pandemic reaches the hinterland

Sentiments have turned negative due to the persistent rise in cases; farmers are saving cash for health-related exigencies

Tractor sales rise 48% in January, demand expected to remain robust

According to the Federation of Automobile Dealers Associations, retail numbers for January inicated the only segment which was in green (11.14% growth) was tractors, while other segments were in red

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

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

Tractor, consumer firms pin hopes on agricultural package to remain robust

Firms expect government schemes to allow people in rural areas to increase spends

Tractor companies may harvest a new record

Tractor makers have gained speed, thanks to an upgrade to forecast of already normal monsoon by the India Meteorological Department on Tuesday. Domestic tractor sales volume is poised to hit a new record of over 650,000 units, growing at double digit for a second consecutive year. The growth phase had started in FY17 after two back to back annual decline in volumes owing to sub normal monsoon. The IMD on Tuesday raised its estimate of rainfall to 98 per cent of the long period average against 96 per cent earlier. LPA is the average rainfall received in the fifty years ending the year 2000, which stands at 89 cm. Besides the rains, other positive triggers are seen in form of record crop output for key crops such as wheat and rising minimum support prices (rate at which government purchases crops from farmers). Domestic tractor sales had surged 18 per cent in FY16 to 582,000 units on a low base of 493,000 units in the previous year. The industry is gearing for a double digit growth in .