Tractor volumes remain in fast lane shows October wholesale data
Tractor sales are expected to continue to gain traction given the upcoming rabi sowing season. The outlook is rosy led by the government’s announcement of higher minimum support prices along with factors such as high water level in reservoirs and good moisture content in soil
In October, tractor sales continued to ride on the momentum seen in September. Wholesale volumes benefitted from inventory channel filling for the recently concluded festival season. In fact, volumes surpassed analysts’ expectations.
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