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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. ....

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

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. ....

Tamil Nadu , Andhra Pradesh , Madhya Pradesh , Uttar Pradesh , Massey Ferguson , El Nino , Rajat Gupta , Hemant Sikka , Central Water Commission , Tractor Manufacturers Association , Tractor Manufacturers , Tractor Junction , Dalit Bandhu Scheme , Crisil Ratings , Tractor Sales , Economic Health , Agricultural Output , Farm Income ,

Tractor sales India: Domestic tractor sales decline 5% YoY in October due to uneven rains and last year's high base

Tractor sales in India, a barometer for the rural economy, have declined for the second consecutive month, mainly due to irregular rainfall, a high base effect, and a delayed festive season. Manufacturers anticipate a sales rebound in November with the onset of Diwali. Despite the recent drop, tractor sales had seen continuous growth in recent years, reaching a record 944,000 units in FY23, a 12% YoY increase. ....

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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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