Tractor sales remain strong in August with estimated 70% growth
Increase in Kharif sowing area, good monsoon, good rural cash flows and base effect among factors that have driven volumes
Tractor sales remained strong in August, primarily due to positive sentiment, increase in Kharif sowing area, good monsoon, good rural cash flows and base effect, among other factors. While all tractor makers, except Escorts and Mahindra, are yet to publish the numbers for August, T R Kesavan, President, TMA estimates overall sales in the month would have grown by about 70 per cent in August 2020 from 37,050 units last year.
He said, farmers' sentiments are good, rural economy is positive and cash flow is gealthy too. He estimates 7-10 per cent growth for the entire ...
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard
First Published: Tue, September 01 2020. 16:58 IST