Tractor sales to rebound in the coming months after the fall in August

Expected to touch record high in FY22 but growth to moderate

A steep decline of 17 per cent year-on-year (YoY) in August sales – the first in 18 months - has failed to dampen the spirits of tractor makers. Despite a deficient monsoon, they are expecting sales to rebound in the months to come. Their confidence stems from higher reservoir levels, government incentives for the agriculture (agri) sector, and a high minimum support price.

Cumulative tractor sales of the top five tractor makers - Mahindra & Mahindra (M&M), Tractors and Farm Equipment, John Deere India, Sonalika, and Escorts - have skidded 17 per cent to 47,630 units in August, from