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Top News In Tractor Industry Today - Breaking & Trending Today

Farmers' demand for guaranteed MSP unlikely to have significant impact on tractor industry: M&M

Mahindra & Mahindra reports Q3 PAT increase to Rs 2,658 crore. Tractor sales decline 4.1%. Tractor industry volume declines due to weaker monsoon, weather vagaries, high base, and lower reservoir levels. Farmers protest unlikely to impact tractor industry. Maharashtra, Andhra Pradesh, Telangana, and Karnataka markets face stress. Good monsoon and reservoir levels will boost rural sentiment. ....

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rural economy: The rural economy is under stress, says Mahindra & Mahindra; cuts tractor industry sales forecast for FY24

"The rural economy is under stress. The sentiment is more negative than what we expected," said Rajesh Jejurikar, executive director, farm equipment and automotive sectors at Mahindra & Mahindra said at a press briefing after December quarter results. He cited weak government spending, uneven rainfall distribution, low reservoir levels and weak mandi arrivals of kharif crop as the key reasons. Negative farm sentiments are also seen in the slow progress of rabi sowing, he noted in his presentation. ....

Rajesh Jejurikar , Rural Economy , Mahindra Amp , Sales Forecast , Tractor Industry , Domestic Tractor Sales ,

India's Tractor Industry Plows Ahead With Record Production And Domestic Sales In FY23

India's Tractor Industry Plows Ahead With Record Production And Domestic Sales In FY23
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The Worldwide Tractor Industry is Expected to Reach $66.1 Billion by 2027

/PRNewswire/ The "Global Tractor Market, Share, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis" report. ....

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Agricultural Tractors Market to Reach $97.8 Billion, Globally, by 2031: Allied Market Research

Increase in the adoption of precision farming, rapid development in agricultural activities, surge in demand for fuel-efficient tractors, rise in government support for agriculture, and growth ....

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