• Shriram Automall India Limited now sprawling in PAN India with 80+ well established Automalls!! • 80th Automall Inaugurated in Surat, India!! • Shriram Automall is best known for being the largest used vehicle and equipment transaction platform offering convenient allied services.!! • 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 with CarTrade Exchange is the largest online vehicle and equipment transaction platform. •Offering Valuation and Inspection Services in 2hrs turnaround time through Adroit Auto, Shriram Automall is the leading name.!!

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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