Tractor Sales

Nuvama bets on M&M, TVS Motor & Uno Minda ahead of November auto sales data

On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%

Tractor sales harvest early monsoon benefits in FY25, shows revival signs

Companies report a buoyant sentiment among farmers with the onset of the monsoon

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

Volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak

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

Domestic tractor sales likely to pick up in the second half of 2023-24

Rating agency ICRA pointed out that the domestic tractor industry volumes remained healthy and represented a 12 percent YoY growth in FY2023, touching an all-time high of 9.45 lakh units

Indian auto sales surge 20% in September, despite slump in tractors

Positive market sentiment fuelled by favourable monsoon leads to growth in most categories, but high inventory levels raise concerns for dealers as festive season approaches, FADA data shows

Escorts Sept sales: Tractor sales down 11.2%; construction machine sales up

Year-to-date sales for construction equipment registered a 56.7 per cent rise as the sales zoomed from 1,883 units during Apr-Sep 2022, to 2,950 units for Apr-Sep 2023

Bajaj Finance plans to enter new car, MFI, tractor finance segments

Bajaj Finance is already into used car financing and is in the process of tying up with dealers for new four-wheeler financing

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

TMS Ep501: Bindeshwar Pathak, gender gap, tractor stocks, developed country

What made Bindeshwar Pathak's 'Sulabh' so important? What's holding Indian women back? Will an erratic monsoon halt the rally in tractor stocks? What is a developed country? All answers here

Riding on new OJA platform, M&M targets to double exports in 3 years

The Mahindra OJA 27 HP tractor will be priced at Rs 5.64 lakh, while the OJA 40 HP tractor will cost Rs 7.35 lakh - priced competitively against its competition

Tractor sales growth to halve in FY24, operating margins to improve: CRISIL

However, softening prices of inputs such as steel and pig iron will provide a 100-200 basis points (bps) respite to the operating margin of tractor makers

Mahindra & Mahindra Q3 PAT climbs 14% to 1,528 crore on robust sales

Mahindra & Mahindra (M&M) on Friday reported a 14 per cent rise in its profit after tax (PAT) to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. The Mumbai-based automaker had reported a net profit of Rs 1,335 crore for the October-December period of the previous fiscal. Its revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. The company said it has sold a total of 1,76,094 vehicles during the period under review, up 45 per cent from 1,21,167 units a year ago. Tractor sales rose 14 per cent to 1,04,850 units in the third quarter against 91,769 units in the same quarter of the last fiscal. "We have had another robust quarter led by the robust performance of our Auto division. Our farm division also reported healthy growth with increased market share. Our capital allocation actions are continuing to show results and we remain committed to our journey of growth and returns," ...

Are revival signs of rural economy for real or is it too early to call?

Many non-official parameters do indicate a rebound, but high inflation seems to hitting hard, eroding all gains

Mahindra reports 7% decline in September tractor sales

Mahindra & Mahindra Ltd on Friday reported a 7 per cent year-on-year decline in tractor sales to 40,331 units in September. The tractor manufacturer had sold a total of 43,386 units for the same period last year, a release said. The domestic sales in the previous month declined 8 per cent to 39,053 units, as against 42,361 units a year ago, Mahindra said. Exports in September, however, rose 25 per cent to 1,278 units as compared to 1,025 units in the same period last year. With initial crop production estimates indicating highest ever Kharif Crop, coupled with the upcoming festive season, we are optimistic of strong demand in the coming months. In the exports market, we have sold 1,278 tractors with a growth of 25 per cent over last year, said Hemant Sikka, President for Farm Equipment Sector at M&M Ltd. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by September-end and monsoon achieving normal ..

Escorts confident of double-digit growth in tractor sales in FY22

Escorts Ltd is confident of clocking a double-digit growth in tractor sales in 2021-22, having registered good volume in the first quarter, according to a senior company official.

Tractor sales to rebound in the coming months after the fall in August

Expected to touch record high in FY22 but growth to moderate

Strong tractor and UV sales drive up M&M's Q1 net 23-fold

Earnings, however, aren't strictly comparable due to last year's low base. Businesses had come to a halt in the June quarter of 2020 due to Covid-19-induced national lockdown

Mahindra & Mahindra Ltd reports total tractor sales of 48,222 units in June

Mahindra & Mahindra Ltd on Thursday reported total tractor sales of 48,222 units in June, recovering from the disruptions induced by the second wave of the coronavirus pandemic. The company had sold a total of 36,544 tractors in June 2020, when sales were impacted by the nationwide lockdown imposed to curb the spread of the coronavirus pandemic although easing of restrictions had started by then. It had sold 24,184 units in May 2021, during the peak of the second wave of the pandemic. Domestic sales last month were at 46,875 units. It was at 35,844 units in June 2020, M&M said in a statement. Exports in June stood at 1,347 units. The company had exported 700 units in the same month last year. Commenting on the performance, Mahindra & Mahindra Ltd. President - Farm Equipment Sector Hemant Sikka said, "the sharp fall in COVID-19 cases and resultant easing of related restrictions, arrival of timely monsoon, increase in MSP rates for key kharif crops and continued strong ...