Tractor sales grow as monsoon, govt help for farmers lift rural economy

Tractor makers continue to report higher sales in July, aided by the government’s cash help for farmers, higher Kharif sowing, a timely and normal monsoon cumulatively across June and July. Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus.

Mahindra & Mahindra’s Farm Equipment Sector (FES) reported a 27 per cent growth in tractors sales to 25,402 units in July, compared to 19,992 units a year ago in the same month. Domestic sales rose by 28 per cent to 24,463 units in July from 19,174 units, a