Tractor market in India
According to the Farm Equipment Manufacturers Association of India (FEMA), a total of 6,36,000 tractors were sold in India in 2022. This is a slight decrease from the 6,45,000 tractors that were sold in 2021. However, it is still a significant number and shows that the demand for tractors in India is still strong.
The top five tractor manufacturers in India in 2022 were:
- Mahindra & Mahindra
- TAFE
- Eicher Tractors
- John Deere
- Sonalika International
These five manufacturers accounted for over 75% of the total tractor sales in India in 2022.
The main factors driving the demand for tractors in India are:
- Increasing mechanization in agriculture
- Rising farm incomes
- Government support for agricultural mechanization
- Growing population
The tractor market in India is expected to continue to grow in the coming years, driven by these factors.