M&M reports 15 pc dip in Nov tractor sales at 27,681 units

Domestic tractor sales were down 17 per cent at 26,094 per cent in November, as compared to 31,619 units in the same month last year, it added.

However, exports were up 43 per cent at 1,587 units, as against 1,107 units in November last year.

Commenting on the sales performance, M&M President – Farm Equipment Sector Hemant Sikka said, “de-growth over November 2020 is due to high base of last year and incessant rains in some states.”

Stating that rural sentiments continue to remain positive on account of good Rabi sowing and high reservoir levels, he said, “escalation in procurement for Kharif crop will bring steady cash flows, which is expected to boost tractor demand going forward.”