El Nino threat clouds tractor sales outlook
Synopsis Tractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a significant 23.5% growth in
Synopsis Tractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a significant 23.5% growth in the previous fiscal year.
The Indian Meteorological Department forecasts a below-normal monsoon due to anticipated El Nino conditions. Recent rainfall data indicates precipitation deficits across several Indian regions. Prolonged
rainfall shortfalls could negatively impact farm incomes and tractor demand.
The BriefWire