India’s farmers give Mahindra Group a sliver of hope2 min read . Updated: 22 Sep 2020, 03:07 PM IST
- Tractor sales jumped 69% in August from a year earlier, Mahindra’s head of finance, Anish Shah, said
- Farm equipment sales at least point to some sign of life in rural India, where 70% of the population live, and could be an encouraging sign for PM Narendra Modi
Indian conglomerate Mahindra Group said sales of farm equipment are much better than expected as the country’s vast hinterland bounces back from lockdown, despite the coronavirus running rampant.
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