Perspective on Tractor sale expectations By Mr. Animesh Agarwal, Tractor Junction
Perspective on tractor sale expectations By Mr. Animesh Agarwal, Founder & COO, Tractor Junction
The tractor sales in India have been on a slow wicket, it was down by over 10% YoY for the month of June due to a higher base, and delayed arrival of the monsoon. For the month of July too, the expectation is expected to be on similar lines - uneven distribution of rains, flooding, and a higher base of July 2021 may impact sales for July 2022.
However, we expect the situation to normalize as the season progresses. We expect volume to pick up in August and September. Supply-side issues getting addressed, inflation peaking out and economic growth picking pace augurs well for an overall recovery in the rural economy. Tractor sales provide a mirror image of the rural economy.
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