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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

Topics
Tractors

T E Narasimhan  |  Chennai 

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 ...

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First Published: Tue, September 01 2020. 16:58 IST