After two years of
sluggish sales number the tractor industry is all set for a Mid-Teen growth
this fiscal. Industry pundits are sure that the tractor market will clock one
of the highest growth percentages this year.
Q1 of 2016 has already shown
great impact and made the segment among the top growth driven sectors in the
auto industry. At a peak number of 15% the tractor growth this year is even
higher than those of passenger & commercial vehicles. Important factor that
lead to the growth was a good and stable monsoon all across the country even
traditionalists are now expecting the fiscal figures at anywhere between
12-15%.
Experts are also expecting a good
festive season as the harvest of crop is yet to happen and cash inflow will
increase only then. Although a major concerning factor remains the floods in
North & East India once they are subside only then the sentiment can be
measured properly.
Meanwhile the sales of used
tractors also saw good increase with large players like Shriram Automall
receiving good demand for used tractor overall during the monsoon season.
Sameer Malhotra, CEO Shriram
Automall said “As predicted good monsoon
came in as a bundle for joy for the Agriculture Equipment industry as Q1 showed
positive outlook and we continue to hope for the same results for the entire
year”
Meanwhile if you are looking to buy pre-owned
tractors than Shriram Automall is the place to be. The company offers widest
range of used tractors of all make and models for all your farm land
requirements.
Customers can also avail the
facility of easy finance on the tractor they buy from the Automall through
STFC.
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