Domestic tractor sales grew by 4.19%, 98,438 units sold
The current fiscal year saw little revenue increase. However, scientists predict a significant increase in the following season.
The current fiscal year saw little revenue increase. However, scientists predict a significant increase in the following season.
TAFE Chairman and Managing Director Mallika Srinivasan said, "The second COVID-19 wave has resulted in immense humanitarian suffering. We at TAFE offer our humble support to the efforts of the Tamil Nadu government in combating COVID and providing quality care to the people of Tamil Nadu".
The turnaround already seems to be on its way with a few of the tractor makers already posting positive growth in March. Both Mahindra and Escorts grew by 20 and 28 percent respectively
Dealers say average sales at the market have slumped to 20 per week, from 200-250 per week six months ago. They say the situation is the same at the old tractor markets in Barnala, Kotkapura and Moga, with each of them just having 15-20 deals per week.
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