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#Domestic #Tractor Sales hit a record high of 9.44 lakh units in FY23, up 12% when compared to last year.
Higher tractor sales means #farmers are turning #prosperous, investing more on #mechanisation and #transportation. It also indicates an increase in total sown area.
Higher tractor sales means #farmers are turning #prosperous, investing more on #mechanisation and #transportation. It also indicates an increase in total sown area.
Domestic #Tractor sales hit record high in FY23
𝐘𝐞𝐚𝐫 𝐔𝐧𝐢𝐭
Y17-18 726026
Y18-19 784930
Y19-20 707533
Y20-21 899683
Y21-22 842196
𝗬𝟮𝟮-𝟮𝟯 𝟵𝟰𝟰𝟬𝟬𝟬
Major Reason:
- Rise in MSP🚀
- Increased farm income due to rise in MSP.📈
𝐘𝐞𝐚𝐫 𝐔𝐧𝐢𝐭
Y17-18 726026
Y18-19 784930
Y19-20 707533
Y20-21 899683
Y21-22 842196
𝗬𝟮𝟮-𝟮𝟯 𝟵𝟰𝟰𝟬𝟬𝟬
Major Reason:
- Rise in MSP🚀
- Increased farm income due to rise in MSP.📈
- Another year of above average monsoon by the grace of Maa Bharti.
Technological advancements in the high horsepower (HP) tractor segment have also played a significant role in driving sales. Manufacturers have introduced innovative features and improved functionalities in high
Technological advancements in the high horsepower (HP) tractor segment have also played a significant role in driving sales. Manufacturers have introduced innovative features and improved functionalities in high
HP tractors, making them more appealing to farmers. These advancements have enhanced productivity, efficiency, and ease of operation, thereby increasing the demand for such tractors in the market.
#IndianEconomy #RuralIndia #Farmer
#IndianEconomy #RuralIndia #Farmer
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