Tractor Sales ‘boom’ in India; 10 lakh tractor units estimated to be sold

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02 September 2022, New Delhi: The Asian giant, India will surpass one million registered tractor units in 2022-23, establishing itself as by far the most active country in the agricultural machinery market. The figures released during EIMA Agrimach India, describe a market that has more than doubled in the ten-year period 2009-2019, and today has a clear advantage over China, the United States and Europe.

The EIMA Agrimach exhibition which kicked off yesterday morning at the Campus of the University of Agricultural Sciences in Bangalore and will end on Saturday afternoon. It is the main exhibition event in the Indian Subcontinent in the field of agricultural mechanisation.

The exhibition, organised by the Federation of Indian Chambers of Commerce and Industry FICCI and the Italian Federation of Manufacturers FederUnacoma, is a promotional and commercial platform to support a market which has emerged in recent years as the largest in the world in terms of sales volumes.

In 2009, the first edition of EIMA Agrimach India was held. By then, the Indian market had already absorbed 3.40 lakh tractors, a number that placed it among the largest in the world; but in the years that followed, sales volumes grew further, reaching unthinkable levels.

According to statistics provided by Agrievolution, the association of agricultural machinery manufacturing countries of which the Indian manufacturers’ association FICCI is a member, in the years 2018 and 2019 sales almost doubled compared to 2009, reaching 7.24 lakh and 8 lakh respectively and is to exceed one million units in 2022-23.

The current level of sales far exceeds all the major markets in the world, if we consider that China in 2021-22 reached 4.70 lakh tractors sold, the United States stood at 3.18 lakh and the European Union at 1.80 lakh.

The country’s level of mechanisation must be assessed on the basis of the quantities sold, but also on the quality of the technologies acquired says agro-mechanics analysts.

Indian agriculture is aiming to increase fruit and vegetable production and specialised crops, and to mechanise all the main production chains. For all these needs, more specialised and efficient tractors, equipment and machinery are required, and this promises further developments for the Indian market.

Also Read: 2022 Norman Borlaug Award to Indian Scientist Dr. Mahalingam

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

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