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M&M is World no. 1 in Tractors: Deere does not provide business volumes on Tractors and Machinery?

M&M recently proclaimed its position as the World’s no. 1 Tractor maker as Deere & Co with Sales volume of $29.5 bln shot down the proclamation. Deere & Co however does not publish volume data of sales probably because of declining sales of agrimachinery in the US market

The Green and Yellow Deere (Nothing runs like a Deere)is formidable in turnover and range of product manufactured as it started as a manufacturer of plows back in 1848 in Illinois.

 Deere and Company agricultural products, sold under the John Deere name, include tractorscombine harvesterscotton harvestersbalersplanters/seederssprayers, and ATVs. The company is also a leading manufacturer of construction equipment and forestry equipment, as well as a supplier of diesel engines and drivetrains (axles, transmissions, gearboxes) used in heavy equipment. Additionally, John Deere manufactures equipment used in lawn, grounds, and turf care, such as walk-behind lawn mowers, zero-turn lawn mowers, lawn tractors, and snowthrowers. To support the core businesses, John Deere also provides financial services and other related activities.

Its new venture in Brazil explores construction equipment opportunities even as the company successfully ended 2011 with a $2.8 bln profit, the two construction eqpt factories in Sao Paolo starting production in 2013. The company also has a cash on hand of $3.7 bln

M&M, disappointed at the Indian Auto Expo this week and challenged in the passenger vehicles segment, continued growing in India and China, the world’s largest tractor markets along with the United States.   M&M also envisages growth in the SUV segment and is refashioning its passenger brands outside the farming tractors business. As it plans to grow int o hybrids, it has proclaimed a new line of solar charging stations for Electric hybrids on its own investment roster. M&M usually backs its proclamations with sufficient investment and management width, and is not counted amongst the Tier 2 indian promoters with a track record of obscurity and frequent traction in shady corrupt practices as is the won tof many home grown promoters. Its last years full year financials reported a topline of $ 9 bln, this year ioit will inch closer to $ 10 bln on same currency basis even higher(before translation into rupees) .

This year M&M acquisitions include Reva ( Electric car), SSangyong (Korean SUVs), Punjab tractors and Chinese Tractor plants (2010?)  whil eit has begun Solar Power Plants under Ipromotional Government programs

The latest Deere Financial reports here 

The latest M&M reports here

 

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