Tractor sales up 48.34 per cent in Nov over last year but down MoM basis

Tractor sales rose nearly 48.34 per cent in November 2020 to 89,530 units from 60,352 units a year ago as rural sentiments remained positive.

According to the Tractor and Mechanisation Association (TMA) sales have increased on year-on-year (YoY) basis while they have decreased 47 per cent on month-on-month (MoM) basis. Tractor sales have been growing on a monthly basis since April 2020, except in the month of August.

Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd said that demand continues to be robust, fueled by an excellent festive season with retail sales being strong during Dhanteras and Diwali.  

Rural sentiments