Tractor market in India: Why India’s agri mechanisation begins and ends with tractors: blame puny landholding, weak financing


A farmer makes use of a tractor on his paddy subject on the outskirts of Hyderabad.

Synopsis

India’s tractor market is 10% of the worldwide trade. In distinction, farm tools accounts for 1%. If India desires to mechanise its farmlands, the main focus must shift to equipment, know-how, and providers. Whereas corporations like M&M perceive this, they should transfer quick earlier than specialised gamers chew into the cake.

India is shopping for tractors. And loads of them. Pattern this. In 2018, 796,000 tractors have been bought within the nation, accounting for a staggering 37% of the worldwide gross sales. After a correction in 2019, the ahead march continued this yr, too, regardless of the Covid-19 pandemic. A lot in order that tractors ploughed 5% greater gross sales in January-October 2020 over the corresponding interval final yr. Helped by higher pricing, corporations like Mahindra & Mahinda

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