Domestic tractor sales in May 2024 were at 8,232 tractors as against 8,704 tractors sold in May 2023. On ground sentiments are being influenced by a variety of factors, including ongoing elections, low reservoir water levels, heatwaves, and reduced haulage activities in certain regions of the country. However, with the forecast of a near to above-normal monsoon this year that is expected to be widespread across the nation, we anticipate an improvement in demand and industry performance post southwest monsoon.
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