Tractor Sales In India Record Double-Digit Rise

Mumbai: With the agriculture sector recording a surge in growth during the current financial year, Mahindra & Mahindra has recorded a double-digit rise in tractor sales for the third month in a row in February.

After having recorded a 19 per cent increase in sales during February, the company expects the robust growth to continue into the final quarter of 2024-25 (FY25), M&M’s Farm Equipment Sector President Hemant Sikka told media. He said that there has been a lot of buoyancy in the farm sector as the kharif crop was very strong this year on the back of a good monsoon.

This has also raised the level of water in the country’s reservoirs to a 10-year which will help the rabi crop that was sown in winter. He highlighted that the government has supported the farm sector with an increase in MSP (minimum support price) for key crops which enhance the earnings of farmers. The inflation rate has also come down for farmers which will place more money in their hands. All these factors are responsible for generating a strong demand for tractors, he added.