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Half year tractor sales surge on back of latent demand

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By RACE Innovations Pvt Ltd - 1st November 2021

India - Tractor sales in India increased by 526.5% during the half of FY 2021-22 to register 8,884 units compared with 1,418 units in the same period of the previous year (1H/FY 2020-21). Tractor production increased by 595.6% overall from 1,384 units to 9,627 units and export sales up by 1161.8%.

The light-weight tractor (26.4 tons < GCW ≤ 40 tons) segment saw sales grow by a similar percentage rate of 493.4% to 1,163 units from 196 units in the first half of FY 2020-21, with production numbers lagging despite output increasing by 378.5%.

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