After a gap of eight months, tractor sales breached the one-lakh mark in June, thanks to the timely arrival of monsoon, good rabi crop harvest and improvement in kharif crops. In June, tractor sales were up 10 per cent to 1,21,613 units as against 1,10,348 in the same month last year, and increased 22 per cent over May, according to Tractor and Mechanisation Association data.
Prior to this, sales crossed one lakh units in October 2024, and dropped for four consecutive months, and bounced back from March this year, the data show. June tractor volumes growth was supported by the early onset of rains and healthy agricultural activity, said a report from Anand Rathi Research. Rural markets, the monsoon, rabi output, cash flow, better interest rates and higher disposable incomes, thanks to tax cuts, would improve momentum, it added.
