Tractor sales surge in June, buoyed by positive farm sentiment: Industry

Tractor sales continued to grow in due to several factors such as the timely arrival of the south west monsoon, record Rabi crop, government support for agri initiatives among others.

 A part of the $19.4 billion Mahindra Group's, Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES) domestic sales in June saw a surge of 12 per cent to 35,844 units, as against 31,879 units sold during June 2019.

Hemant Sikka, president of Farm Equipment Sector for Mahindra & Mahindra Ltd, said this was his company's second highest June sales ever.

The timely arrival of the south west monsoon, combined benefits