Farm sentiments likely to cheer domestic tractor sales in H2 FY25

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Contributing factors include an 8 per cent surplus in rainfall, reservoir levels at 87 per cent, and a rise in kharif output, as evidenced by the significant increase in mandi arrivals in late October.

Tractor sales in India for the 2023–2024 financial year totalled 874,504 units, a 7 per cent decrease from the previous year's 940,985 units.

FADA (Federation of Automobile Dealers Associations) data showed that between April and October, retail sales declined by 7.35 per cent to 470,276 units.

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Category: BusinessFinance

Markets: India

Topics: Farm industry Minimum support price Domestic tractor industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 17:33:54 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Readers: 51 people read this story

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Sentences: 21 lines

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News ID: 24138850

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