tractor industry

Two-wheeler industry to grow by 8 pc, tractors by 4pc annually: Report

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Two-wheeler industry to grow by 8 pc, tractors by 4pc annually: Report

The two-wheeler (2W) industry is anticipated to grow in high single digits, with an estimated 8 per cent year-on-year (YoY) increase whereas the tractor industry is anticipated to see marginal growth of approximately 4 per cent YoY in the domestic market, according to a report by Nuvama, a wealth and investment firm. The growth of … Read more

rural economy: The rural economy is under stress, says Mahindra & Mahindra; cuts tractor industry sales forecast for FY24

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rural economy: The rural economy is under stress, says Mahindra & Mahindra; cuts tractor industry sales forecast for FY24

Tractor market leader, Mahindra and Mahindra has cut its forecast for the domestic tractor sales for the industry for FY24 citing weakness in the rural economy. Against its earlier forecast of low single digit growth, it now expects tractor sales in the world’s largest market for such implements to decline 5% year-on-year. For the current … Read more