Tractor Companies

Near-term worries for the stock include volume uncertainty, premium valuations

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list

A saturated tractor market and increasing mechanisation provide the momentum

Sentiments have turned negative due to the persistent rise in cases; farmers are saving cash for health-related exigencies

According to the Federation of Automobile Dealers Associations, retail numbers for January inicated the only segment which was in green (11.14% growth) was tractors, while other segments were in red

Timely arrival of monsoon, record Rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market

Higher rabi output, no BSVI impact and firm crop prices are positives

Firms expect government schemes to allow people in rural areas to increase spends

Tractor makers have gained speed, thanks to an upgrade to forecast of already normal monsoon by the India Meteorological Department on Tuesday. Domestic tractor sales volume is poised to hit a new record of over 650,000 units, growing at double digit for a second consecutive year. The growth phase had started in FY17 after two back to back annual decline in volumes owing to sub normal monsoon. The IMD on Tuesday raised its estimate of rainfall to 98 per cent of the long period average against 96 per cent earlier. LPA is the average rainfall received in the fifty years ending the year 2000, which stands at 89 cm. Besides the rains, other positive triggers are seen in form of record crop output for key crops such as wheat and rising minimum support prices (rate at which government purchases crops from farmers). Domestic tractor sales had surged 18 per cent in FY16 to 582,000 units on a low base of 493,000 units in the previous year. The industry is gearing for a double digit growth in .