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Bounty for tractor makers as farmers benefit from open-market sale of wheat

Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter

Wheat production | Indian Farmers | Tractors sales

Shally Seth Mohile & Sanjeeb Mukherjee  |  Mumbai/New Delhi 

Farmers use a combined harvester in a wheat field. Photo: PTI
Tractors sales in India increased to 171,141 units in the first two months of the June quarter, against 119,031 units in the corresponding months a year ago

The bounty earned by farmers from the sale of wheat in the open market to private traders has given tractor makers in India one more reason to cheer.



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First Published: Tue, June 14 2022. 20:19 IST