Page 2 - Tractor Industry
Tractor sales up 48.34 per cent in Nov over last year but down MoM basis
Tractor sales have been growing on a monthly basis since April 2020, except in the month of August
 "Tractor sales up 48.34 per cent in Nov over last year but down MoM basis")
Stable outlook for tractor industry, limited Covid impact on demand: Icra
In June, the industry recorded a 22 per cent growth in wholesale volumes and 10 per cent growth in retail volumes
 "Stable outlook for tractor industry, limited Covid impact on demand: Icra")
Bucking pandemic slowdown: June tractor production highest since Jan 2019
Timely arrival of monsoon, record Rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market
 "Bucking pandemic slowdown: June tractor production highest since Jan 2019")
Tractor makers buck the slowdown, expect volumes to increase 5-10%
Prospects of a normal monsoon and an expanded government food programme are helping in a modest recovery
Demand uptick on the back of firm crop prices to bolster tractor stocks
Higher rabi output, no BSVI impact and firm crop prices are positives
 "Demand uptick on the back of firm crop prices to bolster tractor stocks")
M&M, TAFE look to rev up the tractor market
To rekindle consumer interest, companies introduce technology and design as brand differentiators, reposition their products and create new categories
 "M&M, TAFE look to rev up the tractor market")
Good monsoon to boost tractor volumes
The tractor industry has projected a growth of nearly 10% this year after sales had slipped by 10% during 2015 calendar
 "Good monsoon to boost tractor volumes")
