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Tractor Sales Hit a Rough Patch

Tractor sales in India, a proxy for rural economic health, have seen a steep decline in key states in the west and south in the first 9 months of the fiscal year, dragging overall sales down 4% in the world s largest market for the equipment. This follows record growth in FY23.

Tractor sales in India hit a rough patch, reflecting rural economic slowdown, ET Auto

Tractor sales in India, a key indicator of rural economic health, have dropped by 4% in the first nine months of the fiscal year. States like Maharashtra, Karnataka, and Telangana experienced significant declines, attributed to erratic weather conditions and lower agricultural output. However, Uttar Pradesh saw a 6% increase in tractor sales, but it couldn t offset the declines in other states.

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