Domestic tractor sales in August 2023 were lower by 2.1% at 5,198 tractors as against 5,308 tractors sold in August 2022. While there has been a positive momentum in some markets due to Government subsidy programs, the deficient monsoon in other regions during the month of August coupled with shifting of key festive season to the third quarter of this fiscal impacted tractor sales this month. With other macro-economic factors remaining intact, if monsoon catches up in September in these regions , tractor demand may witness good pick up in the upcoming festive months.

Export tractor sales in August 2023 were at 395 as against 803 tractors sold in August 2022, declining steeply by 50.8%.