Thursday, February 22, 2024

Tractor sales in India hit a rough patch, reflecting rural economic slowdown

Tractor sales in India, a key indicator of rural economic health, have dropped by 4% in the first nine months of the fiscal year. States like Maharashtra, Karnataka, and Telangana experienced significant declines, attributed to erratic weather conditions and lower agricultural output. However, Uttar Pradesh saw a 6% increase in tractor sales, but it couldn't offset the declines in other states.

from Auto-Industry-Economic Times https://ift.tt/QK2DShk

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