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Mahindra, Escorts pin hope on festivals, kharif bounty for bounce in tractor sales, ET Auto

Below par monsoon is the primary reason for the falling tractor sales, which were “good” in FY22 and FY23. The high base of the previous two fiscal years is also affecting growth; a large part of tractor buying is due to replacement demand. ....

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Escorts tractors come under the Kubota wing

Fresh from posting an increase of 27% in its overseas revenue for 2021, Kubota is, according to reports published in India, to use some of that income to ....

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Monarch takes leading role in CNH's technology drive

Case New Holland (CNH) has announced a licencing agreement with Monarch, a California-based start-up which has developed an electrically powered ....

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Tractor Sales Show Upswing Despite Pandemic: Reports

Tractor Sales Show Upswing Despite Pandemic: Reports
Available figures indicate that in April 2021 tractor sales have registered a growth of 436 percent over last year corresponding
Photo by Prabhjot Singh Gill
Outlook Web Bureau
May 11, 2021
The tractor industry appears to have withstood the COVID-19 onslaught. Considered a barometer for the state of the rural economy in India, this segment has been doing relatively well during long days of lockdown which hit hard many industries.
In April 2021, according to Tractor Junction – a digital marketplace for tractors and other farm equipment – 63,447 units have been sold in the domestic market in April 2021.
In the corresponding period last year, during the nationwide lockdown in April 2020, this figure was 11,827 units, added Tractor Junction. ....

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