Tractor demand drying to likely 3-year low at arid farms

Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also reporting sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.