Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Indian Agricultural Tractor Market, 2019

Posted by fidest press agency su mercoledì, 20 febbraio 2019

The report provides a comprehensive blend of quantitative and qualitative analysis on the OEMs. This user-friendly and detailed yet compact presentation style dossier provides detailed information on existing industry OEMs with the scope of analysis covering the following concentric spheres led by Business Structure & Snapshot, Industrial Footprint in India & International Presence, Product Portfolio & Competitors and Analysis on Strategic Initiatives, Significant Developments, and Key Plans. The report will be extremely useful as a guide and ready reckoner on Key Agricultural Tractor Manufacturing OEMs in India.
The Indian agricultural tractor market has been on an upswing with the market touching the peak of 6 lakh (600,000) tractor unit sales for FY2017-18 powered by significant tailwinds with a broad-based macroeconomic push, increased allocation by the central & state governments towards farm sector and strong focus on continued pursuit of structural agricultural reforms through roll-out of a number of schemes & support programs along with a major push for mechanization in the country to boost overall efficiency & productivity.
Tractor sales in India touched the peak of 600,000 units in FY2017-18 with a favorable overall environment with the industry still optimistic and anticipating the tractor sales to touch the 8 lakh units level for FY2018-19 and reach the golden figure of 1 million units by the early to middle of next decade with the industry sales projected to grow at an expected, steady rate of 6%-7% CAGR. Against this backdrop, this unique OEMs Dossier provides a broad as well as bird’s eye view of key agricultural tractor OEMs in the Indian market.

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