Published By : Khetigaadi Team 164
The northern states containing Punjab and Haryana have avoided the pattern of sluggish demand for tractors in the current monetary. In the initial two months, tractor deals in the two states saw a minor decay of under 2% as compared to steep 15% decrease recorded the nation over. As indicated by industry information, during April-May 2019, 12,725 tractors were sold in Punjab and Haryana as compared with 12,957 units in the relating time of the past financial year.
The two states contribute around 10-15% of the complete tractors deals in the nation and are viewed as profoundly automated states as compared to the remainder of the nation. Broadly, 1,15,437 tractors were sold in the initial two months of the current monetary as compared to 1,35,953 tractors sold during the comparing time of the past financial, enrolling a decrease of 15%. The deals were to a great extent affected in the western and southern part of India however in business sectors like Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, and Chhattisgarh, deals were pretty much same. The Indian tractor industry saw a twofold digit development for the third back to back year in the financial year 2018-2019. In FY 2018-19, offers of tractors developed by 10.24%.
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