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Resource centre on India's rural distress
 
 

Tractor sales on upswing

-The Hindu

Two-wheelers continue to slide as virus adds to woes

In a sign of reviving rural demand, tractor players M&M and Escorts posted a double-digit growth in sales in February 2020.

M&M’s farm equipment sector (FES) said its domestic sales in February 2020 stood at 21,877 units, up 21% from the year-ago month.

Exports, though, dropped 22% to 683 units, taking total tractor sales during the month to 22,561 units. This is a growth of 19% from February 2019.

Rajesh Jejurikar, president, FES, M&M said, “the tractor demand trend is expected to strengthen on the back of a robust rabi output and the prevailing crop prices. Going forward, the increase in rural and agri- spending on core schemes by the government should augur well for the industry.”

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