Positive rural sentiment pushes tractor retail sales up by 13.52%

While the entire auto segment is facing pressure, tractor segment is seeing a good traction on the backdrop of a robust rabi output and prevailing crop prices. Also, the increase in rural and agri spending by the government should augur well for the industry.

Tractor sales grew nearly 13.52 per cent in the month of February 2020, while the whole the entire auto segment reported 2.60 per cent growth in retail sales. Going forward, shortage of funds may have a negative impact on tractor sales, says analysts.

The Federation of Automobile Dealers Associations (FADA) tractor sales of retail rose to