Tractor Sales News
Growth momentum in tractors expected to sustain in 2021
The sustained growth is seen on strong fundamentals such as robust kharif sowing now leading up to good output that is expected to generate good cash flows for the farmers
3 min read23 Nov 2020Escorts posts 80% YoY growth in tractor volumes in August
Escorts Ltd reported total wholesales of 7,268 units in August, up from 4,035 units a year agoRobust demand for tractors over the past few months has resulted in a 3.5% YoY growth in the company’s cumulative domestic wholesales
1 min read1 Sep 2020Sonalika Tractors sells 8,219 units in July, up 72% on year
Since the lockdown was eased, tractor sales have grown on the back of pent-up demand, robust rabi harvest, improved kharif sowing backed by good monsoon, increased government spending and healthy water levels in the reservoirs
1 min read1 Aug 2020Green shoots in Bharat lead country’s economic revival
Tractor sales, a bellwether for rural demand, are headed for a record growth in JuneAmong those who stand to benefit are consumer durables makers and farm input producers
2 min read30 Jun 2020Tractor sales in June may see double-digit growth
Crisil has said that despite a 37% year-on-year decline in volumes in April and May, FY21 tractor sales will likely be just 1% below last fiscal’s numbers, in sharp contrast to a double-digit fall estimated for other vehicle sales
1 min read29 Jun 2020Slow agri-machinery growth puts Escorts’ performance out to pasture
Rural farm distress, high summer temperatures and the overhang of general elections are impacting salesDomestic tractor sales fell 1% year-on-year in the month of March, dragging quarterly growth down to 4.8%
1 min read9 May 2019Normal monsoon, farm loan waivers to rain good times for tractors
A normal monsoon this year may fuel demand for FY20 by at least 6-8%, translating into 12-14% CAGR between FY17 and FY20Historically, a growth cycle that lasts 3-4 years is a result of good monsoon, alongside measures such as farm loan waivers
1 min read28 Mar 2019Double whammy for Mahindra sales before XUV 300 launch
Mahindra shares have fallen 8% in the last two trading sessions, after sales of both tractor and SUV segments disappointed the street
2 min read3 Jan 2019Optimism on tractor sales deflating despite normal monsoon
If the trend of subdued tractor sales continues, the concerns may translate into pain for Mahindra, Escorts and Tractors and Farm Equipments Ltd
1 min read24 Oct 2018After a strong Q1, it’s now crunch time for Mahindra
Investors need to ask post the run-up in Mahindra share price is whether this strong show will continue
2 min read8 Aug 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared