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Tractor sales may hit record high in FY26 on monsoon, MSP hike
Business Standard
|April 22, 2025
Expected above-normal monsoon, increased minimum support prices (MSPs) for key crops, and rising replacement and construction demand are likely to drive domestic tractor sales to a record high of approximately 9,75,000 units in the financial year 2025-26 (FY26), marking a 3-5 per cent year-on-year growth.
In FY25, tractor sales had dipped by 1.04 per cent. Sales for that year had come in at 8,83,095 units, down from 8,92,410 units in FY24, according to data from the Federation of Automobile Associations (FADA).
This story is from the April 22, 2025 edition of Business Standard.
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