Tractor delivery momentum is expected to continue in Q1FY26 on expectation of very good Rabi crop harvest and improved cash flow in the hands of the farmers.
Nearly 11 per cent of India is reeling under drought-like conditions, while many regions have been flooded due to excess rain, both events severely affecting the upcoming kharif sowing season
A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said
Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check
IMD announcement on May 15; timely onset augurs well for its subsequent progress and movement over mainland, which should aid in timely plantation of kharif crops
The phenomenon has caused a lot of problems, such as the spurt in food prices and disruption in supplies due to breakdown in the already Covid-19-battered transport in the hinterland