Tractor sales rise in June; commercial vehicles segment continues to skid

Timely arrival of monsoon, record rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market.

Mahindra & Mahindra Farm Equipment Sector’s domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019. Hemant Sikka, president of Farm Equipment Sector for M&M, said this was the firm’s second-highest June sales ever. "It is expected that this demand will continue to remain buoyant," he said.

Escorts Agri Machinery Segment’s domestic tractor sales in June 2020 was at 10,623, registering a growth of 22.8% against 8,648 tractors