• Shriram Automall inaugurated its 71st Automall in Bikaner on 24th November’2017.!! • 72nd Automall Facility inaugurated by Shriram Automall in Guna on 28th November’2017.!! •Shriram Automall wins Limca Book of Records for being The Largest Platform for Acquisition and Disposal of Pre-owned Vehicles and Equipment FY2015-16 and for Conducting Highest Number of Physical Bidding Events in a Single Day.!! •Shriram Automall MOBILE APP LAUNCHED...!!Download the app now!! • Sameer Malhotra – CEO, Shriram Automall India Ltd. as Esteemed Jury at Equipment India Awards 2017.!! •Shriram Automall India Limited(SAMIL) Won Best Service Provider Of The Year Award CIA World Builders and Infra Award 2017 •Shriram Automall was recognized as “Fastest Growing Brand for Pre-Owned Vehicles of the Year” in 2017 Leaders Awards...!!

Wednesday, 12 April 2017

2017 SET TO BECOME A BENCHMARK FOR TRACTOR SALES



The India Tractor Market is all set to witness a double digit growth of 16-18% in FY 2017 says CRISIL. However the growth in February & March to only be in single digit number as farmers still cope with the note ban and shifting towards using digital payment modes.

The sales were revived as the south-west monsoon came in normal. Rains were 97% of the long-period average, timely and well-distributed, resulting in Kharif production increasing 10% on-year (according to second advance estimates), and Rabi sowing also 5.7% higher on account of sufficient reservoir levels.

Farmers had a good sowing season, however due to the demonetization effect sales in November took a toll with de-growth of 13% in November, a modest growth of 7% in December and 5% in January. However the impact is expected to be short-term and sales should recover by the first quarter of 2017-18.

With faster acceptance of non-cash transactions in the states like Madhya Pradesh and Rajasthan, going forward demand for tractors is projected to see healthy growth.  Tractor sales would also benefit from favorable budget announcements such as record farm credit disbursal of Rs 10 lakh crore and other rural development initiatives.

Based on this, we see tractor volumes picking up in coming quarters, though, for lack of a low base as was the case this year, fiscal 2018 could close with a relatively sober growth of 8-10%.

If you are interested in buying pre-owned tractors than Shriram Automall is the right place to be at. The company offers widest range of used tractors & other farm equipment at optimal price to choose from.


You can also download its ‘MySAMIL Mobile Application’ to view upcoming events, inventories & even place live bid on the vehicles & equipment you are interested in.

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