Tractor sales rose nearly 48.34 per cent in November 2020 to 89,530 units from 60,352 units a year ago as rural sentiments remained positive.
According to the Tractor and Mechanisation Association (TMA) sales have increased on year-on-year (YoY) basis while they have decreased 47 per cent on month-on-month (MoM) basis. Tractor sales have been growing on a monthly basis since April 2020, except in the month of August.
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd said that demand continues to be robust, fueled by an excellent festive season with retail sales being strong during Dhanteras and Diwali.
Rural sentiments