Media Monitor
Agriculture Industry
Union minister assures more opportunities for farmers, pastoralists in J-Kedit
Union Minister Parshottam Rupala has assured all possible support to upscale livestock production, establish a modern fish market and create more livelihood avenues for farmers and pastoralists in Jammu and Kashmir. The minister for fisheries, animal husbandry and dairying along with Jammu and Kashmir Lieutenant Governor Manoj Sinha had on Monday inaugurated a two-day technology exhibition-cum-seed mela at the SKUAST-Kashmir.
We must not let Indian agriculture turn into an unending tragi-comedyedit
The Ides of March came in February. Not in a tragic Shakespearean manner, but in a knotty way nevertheless. Last month saw a resurrection of India’s trickiest vertical in economic policymaking—agriculture—via a political mobilization on the streets of Delhi’s outskirts. Much of it is a throwback to the protests a couple of years ago against the country’s now-withdrawn farm laws, but they do illustrate the unaddressed challenge of Indian agriculture.
CLAAS Global Mentions
Farm Equipment Manufacturers Continue Production Amidst Supply Chain Challengesedit
At the heart of the agricultural industry, a significant challenge is unfolding that underscores the resilience and determination of farm equipment manufacturers. Despite facing unprecedented supply chain disruptions, these companies are steadfast in their mission to support farmers with the machinery they need, even as final delivery faces delays. This dedication is particularly evident in the backdrop of the ongoing global scenario, where supply issues have become a common hurdle for various industries.
Competition
Sonalika Tractors overall sales in February 2024 up 6.2% at 9,722 unitsedit
Sonalika Tractors, a leading tractor export company, has announced its sales for February 2024. Sonalika Tractors has recorded its highest ever February overall market share of 16.1% and highest market share gain in the industry. This includes sales of 9,722 overall tractor sales during February 24 which is 6.2% higher than the company’s February FY23 performance of 9,154 overall tractor sales.
Mahindra Farm Equipment sector domestic sales fall 19% to 20,121 units in February 2024edit
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, has reported that its domestic sales in February 2024 were at 20,121 units, as against 24,619 units during February 2023, which saw a decline of 19%. Total tractor sales (Domestic + Exports) during February 2024 were at 21,672 units, as against 25,791 units for the same period last year.
New Holland launches Project Saksham to provide skill development for youthedit
New Holland, a brand of CNH, has launched project “Saksham”, to train and empower underprivileged youth in rural area. This is aligned with the National Skill Development Mission and the UN Sustainable Development Goals (SDGs). In association with SEEDS – Social Empowerment & Economic Development Society, the project aims to create a pool of skilled and certified automotive sales professionals for automotive industry.
Tractor industry
Utility vehicles shine, tractor sales stumble in Februaryedit
The standout performers in February were utility vehicles (UVs) and two-wheelers, both domestically and in terms of exports.