Domestic tractor sales in March 2023 were at 9,601 tractors registering a growth of 1.2 percent as against 9,483 tractors sold in March 2022. Despite the festive season in March, retail sales were impacted due to unseasonal rainfall and crop damage in certain regions. However, with continued support from the government, better crop prices, improved finance availability and good water reservoir levels, we expect similar demand momentum to continue across geographies in the coming quarter.

Export tractor sales in March 2023 was at 704 tractors registering a growth of 19.1 percent as against 591 tractors sold in March 2022.

For Q4 (January- March), the company sold 24,765 tractors, recording a growth of 13.1% over the corresponding period of previous year.

For FY 23, the company sold 1,03,290 tractors, recording a growth of 9.6% over the corresponding period of previous year.