Indian government's agricultural focus may sustain tractor demand, says Swaraj Engines Ltd.
The Indian government's focus on agriculture and rural income is expected to sustain tractor demand, according to Swaraj Engines Ltd. Despite a 7% industry sales decline, Swaraj Engines believes that initiatives to improve the agricultural sector and increase rural incomes could support tractor demand momentum. The growing horticultural segment in India also offers opportunities to increase tractor penetration in the lower horsepower market.
June 24, 2024
4 Articles