Tractor sales growth in FY27 to slow on weak monsoon fears: Report

Tractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a significant 23.5% growth in the previous fiscal year. The Indian Meteorological Department forecasts a below-normal monsoon due to anticipated El Nino conditions. Recent rainfall data indicates precipitation deficits across several Indian regions. Prolonged rainfall shortfalls could negatively impact farm incomes and tractor demand.