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Tractor sales down in April, but experts and manufacturers expect a rebound

Tractor sales down in April, but experts and manufacturers expect a rebound
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Retail sales in April were down by 40-45% from the preceding month, according to data from Crisil, as lockdowns were imposed in several parts of the country to check a massive surge in Covid-19 infections.
Tractor sales in India lost steam in April, dropping for the first time in 10 months, but experts and manufacturers said they expect a rebound after the fresh wave of Covid-19 infections subsides.
Retail sales in April were down by 40-45% from the preceding month, according to data from Crisil, as lockdowns were imposed in several parts of the country to check a massive surge in Covid-19 infections. ....

Hemant Sikka , Hetal Gandhi , Crisil Research , ஹேமண்ட் சிக்க , ஹெட்டல் காந்தி , மிருதுவான ஆராய்ச்சி ,

Tractor sales hit rough patch in April - The Hindu BusinessLine

Tractor sales hit rough patch in April
May 01, 2021

The second wave of Covid-19 and the resultant restrictions have applied brakes on tractor sales that had been rising over the past 10-11 months, bucking the automotive market trends.
Tractor sales started to move northwards from May 2020 after the partial lifting of the lockdown. The numbers continued to grow in the subsequent months as the rural economy remained robust; the other automotive segments took more time to rebound.
All segments hit
But the second wave has hit all segments. While tractor manufacturers faced production constraints, footfalls at dealerships dropped as cases surged in small towns and rural areas. As a result, sales took a beating in April. ....

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M&M sells 27,523 tractors in April 2021 | Business Standard News

Domestic sales in April 2021 were at 26130 units, as against 4716 units during April 2020.
Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year.
Exports for the month stood at 1393 units.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, We have sold 26130 tractors in the domestic market during April 2021 with a growth of 454% over last year. High growth witnessed in April 2021 is due to low base due to nationwide lockdowns in April last year. There have been disruptions in supply chain due to localised lock downs and availability of oxygen along with dealerships in few states getting closed impacting demand momentum. ....

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Mahindra's Farm Equipment Sector Sells 26130 Units in India during April 2021

Mahindra's Farm Equipment Sector Sells 26130 Units in India during April 2021
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M&M to set up a new tractor plant, scouting for land in Punjab, elsewhere

M&M to set up a new tractor plant, scouting for land in Punjab, elsewhere
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According to people in the know, the new tractor plant is expected to have a minimum capacity of 50,000 units a year. The exact quantum of investment is yet to be defined as the company is deliberating over what operations to outsource or manage internally.
Agencies
M&M said Punjab is its preferred location for a new tractor plant. However, it said it’s in talks with a few others as well without naming any state. (Company Image)
Mahindra & Mahindra, the country’s largest tractor maker, is scouting for land in Punjab, and some other states to set up a new manufacturing facility to meet future demand as its existing plants are operating over 100% capacity. ....

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