Tractor

Strong backward integration helps the company sustain high EBITDA margin

VST Tillers, HTC Investments join hands to launch ‘best-in-class’ tractors

The tractors were showcased at various agricultural and trade fairs across the country over the past few months to incorporate farmers’ feedback and include features for best suitability

M&M hits 52-week high on receiving PLI eligibility certificate

The tractor segment is expected to outperform the industry due to its dominant position in the market and extensive reach in rural areas.

You’ve seen car chases by cops. What about a tractor chase?

The chase carried on for more than an hour at a speed of about 30 kmph.

New tractor emission standard to impact 7-8% of domestic volume: ICRA

A big proportion of the overall industry, less than 50 horse power (HP), constituting around 92 per cent of sales in FY22 would continue to be governed by Bharat Stage TREM IIIA norms, ICRA said in a statement.

Ukrainian farmer's video towing a Russian tank with tractor has 4.6 million views

Ukraine-Russia war: It is not clear where the video is from but visuals show the tank was being towed on a desolate dirt road as a bystander records the bizarre incident.

'High raw material prices, lower sales volume to dent operating profit of tractor makers in FY22'

Crisil also said it expects domestic tractor sales volume to decline 4-6 per cent in 2021-22 amid the volume growth moderating to 0.7 per cent in April-December 2021.

M&M’s auto segment revs up big time, a margin driver?

M&M’s overall profitability faces near-term risks from the twin challenges of chip shortage and a cyclical peak for its farm equipment segment

Escorts posts 21.7% decline in tractor sales at 5,693 units in August

The company had sold a total of 7,268 units in the same month last year, Escorts said in a regulatory filing.

Ideas For Profit | Will the auto sector continue its fast-track race amidst the second wave of COVID-19?

The demand for personal vehicles and two-wheeler segments shot through the roof post the unlocking as people tried to avoid public transport, the recovery in demand was quite exceptional. Tractor & commercial vehicles witnessed slow recovery post unlocking. But now they are catching up fast as sales start to witness growth from pre-COVID levels. Watch the video to know more

Indian tractor maker presses AGCO to refresh board, consider alternatives

Indian tractor manufacturer Tractors and Farm Equipment, known as TAFE, said in a U.S. regulatory filing that it made a presentation to the company in which it outlined AGCO's weakening long-term competitive position and urged immediate action.

Tractor industry headed for a bumper finish, set to record best-ever sales

The ongoing protests by farmers, however, could disrupt sales in December. Currently, tractor sales are on track to go past the lifetime record set in 2018. Sales between January and November 2020 stood at 7.4 lakh, whereas the industry ended 2018 with sales of 7.9 lakh tractors

Mahindra & Mahindra posts 17% rise in tractor sales at 43,386 units in September

The company had sold 37,011 units of tractors in the same month last year, M&M said in a statement.

Vehicle registrations decline 43% to 9.67 lakh in June; tractor saw growth of 10%: Report

The three-wheeler segment witnessed the biggest fall last month falling around 76 percent to 11,806 units, ICICI Securities said in the report on Friday.

M&M tractor sales down 83% to 4,772 units in April

Domestic tractor sales were down 83 per cent at 4,716 units last month as against 27,495 units in April 2019, it added.

Expect tractor demand for FY19 at 10-12%; to moderate to 4-5% in FY20: Icra

"For the full fiscal, FY2019, the sector is expected to grow at 10-12 percent," the ratings agency said, adding it has maintained a stable outlook for the sector for the year.

Mahindra tractor sales rise 13% to 25,949 units in November

In the domestic market, tractor sales stood at 25,159 units as compared to 21,271 units in November 2017, up 18 percent, the company said in a statement.

Escorts tractor sales grow 13.8% in October

Domestic tractor sales stood at 10,001 units as against 8,859 in October last year, up 12.9 per cent, Escorts Ltd said in a BSE filing.

Escorts tractor sales up 34% in September

Domestic tractor sales stood at 10,144 units as against 7,664 units in September last year, up 32.4 per cent, Escorts Ltd said in a BSE filing.

Mahindra tractor sales up 22% at 16,516 units in August

The company had sold 13,543 units in the same month last year, Mahindra and Mahindra said in a statement.

Monsoon leg-up may take tractor sales to all-time high in FY18

Sales had risen 18 per cent last fiscal year on good rains and despite note ban, after declining more than 10 per cent in 2015 and 2016 when the monsoons played truant, Crisil said in a report today.

Sonalika Q1 sales grow 18% at 25,002 units

During the April-June period, the company sold 22,165 units in the domestic market, clocking an increase of 18.4 per cent from the previous fiscal, Sonalika Tractors said in a statement.

See double-digit growth in tractor industry in FY18; uptick in market share: Escorts

In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts said that they expect the growth to be better next year.

M&M to invest Rs 1,500 crore in two Maharashtra plants

Tractor and utility vehicle market leader Mahindra & Mahindra said on Friday that it will invest Rs 1,500 crore at its Nashik and Igatpuri plants to enhance production capacity.

M&M Q3 profit, revenue seen up over 3% on slow volume growth

Normal rainfall and healthy water levels in reservoirs led to strong growth in tractor segment. With an increase in share in high margin tractors, margin may hold up at around 12.5 percent, analysts feel.