Page 2 - Tractor

PV sales expected to be strong in July as production rises: Report

Passenger vehicle sales are expected to be robust in July, driven by a large order book and production ramp-up, while commercial vehicle volumes may remain in an uptrend, a report said on Thursday. However, tractor volumes are likely to decline due to a high base and uneven spread of the monsoon, according to brokerage firm Emkay Global Financial Services, which has retained a positive view on the auto sector. Emkay Global also expects an improvement in two-wheeler sales on the back of higher production and inventory build-up with dealers. Passenger vehicle segment should witness a robust growth on a large order book and production ramp-up, with automakers such as Tata Motors, M&M and Maruti Suzuki expected to log 49 per cent, 28 per cent and 8 per cent volume growth, respectively, in July, the brokerage firm said. For the two-wheeler segment, the brokerage estimates a 35 per cent improvement in domestic sales for Eicher Motor-Royal Enfield, 6 per cent each for TVS Motor and Hero .

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Bank of Baroda inks pact with Mahindra & Mahindra for tractor finance biz

The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen

Tractor demand to grow at 10-12% in FY19; to moderate to 4-5% in FY20: Icra

In terms of profitability of tractor manufacturers, Icra said it remains linked to industry demand -- expanding during industry up-cycle and contracting during downturns

Tractor industry may clock 9-10% growth in FY17: ICRA

M&M sold 15,918 units in the domestic market in November, down from 20,819 during November 2015

Used tractor sales grew around 10% pa, but new tractors sales tapered

The country's largest organised channel for used tractor transactions, Shriram Automall India said that on the whole, the used tractor space has clocked growth in the past two years or so

Mahindra enters farm equipment rental biz

Launches Trringo rental service for farmers who can't afford their own tractor and farm equipments