Home » Tractor market in India: Why India’s agri mechanisation begins and ends with tractors: blame puny landholding, weak financing

Tractor market in India: Why India’s agri mechanisation begins and ends with tractors: blame puny landholding, weak financing

by Marjorie

A farmer makes use of a tractor on his paddy subject on the outskirts of Hyderabad.

Synopsis

India’s tractor market is 10% of the worldwide trade. In distinction, farm gear accounts for 1%. If India needs to mechanise its farmlands, the main target must shift to equipment, expertise, and providers. Whereas firms like M&M perceive this, they should transfer quick earlier than specialised gamers chew into the cake.

India is shopping for tractors. And a number of them. Pattern this. In 2018, 796,000 tractors had been bought within the nation, accounting for a staggering 37% of the worldwide gross sales. After a correction in 2019, the ahead march continued this 12 months, too, regardless of the Covid-19 pandemic. A lot in order that tractors ploughed 5% greater gross sales in January-October 2020 over the corresponding interval final 12 months. Helped by higher pricing, firms like Mahindra & Mahinda

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