M & M’s Farm Equipment Sector has posted an 88% rise in Indian tractor sales last month to 12128 units as opposed to 6451 units in July, 2008. Its entire sales, comprising Indian and exports for the month posted a 72% increase to 12850 units as opposed to 7475 units in July, last year.
According to the company, the growth has been boosted by the general market assurance after the development of the new government and its enlarged spotlight on rural infrastructure and agriculture in the budget. Reportedly, the company stated that due to its amalgamation with Punjab Tractors implemented from 1st August, last year for July this year, which consists of 3828 units of Swaraj section.