After two years of strong growth, domestic tractor sales have hit a rough patch. In FY19, the sector witnessed volume growth of 10% (790,000 units) YoY. This comes after stellar growth of 22.1% in FY18 (710,000 units) and 18% in FY17 (580,000 units). Delay in sowing, erratic rainfall and low rabi crop production weakened rural sentiment, impacting tractor sales.
With tractors sales slowing down, Escorts promoter buy shares worth ₹112 million
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