Tractor sales registered the highest annual growth of 18 per cent in Karnataka during 2004-05 to 2011-12 period, a study said today.
However, the state was suffering from poor tractor penetration of just about three per cent," industry body Assocham said in its study - 'Future Outlook for Demand of Tractors in India'.
It also said that Haryana and Punjab were on the top with highest tractor penetration of about 27 per cent followed by Uttar Pradesh (23.5 per cent), Bihar (20 per cent) and Odisha (12 per cent).
"Demand for tractors is heavily dependent on agriculture production and level of monsoon received, thus with forecast of normal Monsoon this year production, demand and sale of tractors might improve in the later half of this year," it said.
