Page 2 - Tractors Sales

M&M rolls out new wheel harvester under Swaraj, targets 15-20% mkt share

Mahindra & Mahindra Ltd (M&M Ltd) on Wednesday rolled out a new wheel harvester under the Swaraj brand in the domestic market as it looks to tap aggressively the farm mechanisation market in the country. With its latest offering, the brand is aiming for a 15-20 per cent market share in the wheel harvester segment in the long-term, Harish Chavan, Chief Executive Officer at Swaraj Division, said. Manufactured at the company's new farm machinery facility at Pithampur near Indore in Madhya Pradesh, the new 'Swaraj 8200 Wheel Harvester' will be available from the upcoming crop season for the customers through its dealerships pan-India, he said. "The mechanisation in the harvesting space (in the country) is still picking up. We want to give shape to it and that is the reason we want to participate now aggressively as we are participating in tractor segment," Chavan told PTI. He said that with the tractor industry growth reaching an all-time high, the agri mechanisation sector is ...

M&M tractor logs 6% growth in total sales at 44,478 units in June

Mahindra & Mahindra Ltd on Monday reported a 6 per cent growth in total tractor sales at 44,478 units in June, as compared to the same month last year. The company had sold 41,848 units in June 2022, Mahindra & Mahindra (M&M) said in a statement. Domestic tractor sales were at 43,364 units last month, as against 39,825 units in the year-ago period, a growth of 9 per cent, it added. Exports, however, declined 45 per cent at 1,114 units, as compared to 2,023 units in the same month last year, the company said. M&M Farm Equipment Sector President, Hemant Sikka said though the arrival of South-West monsoon got delayed due to cyclonic disturbances, it has progressed in the last week of June and has now covered the entire country, bringing huge relief to the farmers and aiding in Kharif sowing. "As on date, aggregate sowing acreage of Kharif crops is ahead of last year's acreage and is progressing at a fast pace. "In addition, record rabi crops, government support with ...

Rs 20-trn agri credit outlay to boost tractor manufacturers, PSBs: Analysts

However, fertiliser stocks may not see another upsurge as they have have more-than-doubled in the last six months, they said

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

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

Domestic passenger vehicle sales likely to rise over 30% in Nov: Report

Domestic passenger vehicle sales are expected to rise over 30-per cent year-on-year in November, driven by large order book and higher vehicle production while the commercial vehicle segment sales volume could grow in double digits during the month, a report said on Friday. Tractors volumes, however, are likely to remain muted on inventory destocking with dealers, brokerage firm Emkay Global Financial Services said in a report. It also said that vehicle discounts have reduced on a sequential basis and remain significantly lower than the elevated levels seen in the past. Automobile makers in the country are set to publish vehicle sales data for November on December 1. The PV segment is likely to record higher volumes on account of the large order book while the CV and two-wheelers are likely to maintain their positive growth momentum in November, Emkay Global said. Projecting over 30 per cent growth for the passenger vehicle segment in the current month over the same month last ye

On a bumpy ride: Demand for low-cost tractors hits margins in June quarter

This is despite volumes touching a record high

Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April

The stock traded lower for the third straight day has fallen 9 per cent during this period; it aslo turned ex-dividend for Rs 7 per share on Thursday.

Bounty for tractor makers as farmers benefit from open-market sale of wheat

Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter

Mahindra CIE surges 13% on stable operational performance in March quarter

In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.

Tractor sales volume growth to be at 3-5% in current financial year: Crisil

Growth in the domestic tractor sales volume is likely to be at 3-5 per cent this fiscal, given the strong second wave of COVID-19 and rising cases in the hinterland, rating agency Crisil said.

Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

6 auto, cement stocks you can bet on as they unveil their September sales

Bajaj Auto and Heidelberg Cement are showing a firm positive sentiment

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

Volumes were dragged by medium & heavy commercial vehicles and three-wheelers. which fell 71 per cent and 94 per cent respectively

Strong tractors sales to power Mahindra and Escorts growth; shares gain

Growth in current financial year is expected to be in high single-digits after record sales in FY18