Domestic tractor sales in May 2023 were at 8,704 tractors registering a growth of 13.5 percent against 7,667 tractors sold in May 2022. Overall, the macroeconomic factors and farmer sentiments remain positive, resulting in a positive sales trend across most geographies.
Going forward, the company expects the current momentum to continue in the near term led by normal rainfall forecast, adequate reservoir levels, better liquidity and consumer credit availability.
Export tractor sales in May 2023 were at 463 as against 754 tractors sold in May 2022.