[Latest News][6]

Best Stock Advisory Company in Indore
Best Stock Option Tips Provider
Budget 2018
Call Put Option Tips
Commodity Market Tips
Commodity Tips
F&O Tips
Gold
Indian Stock Market Tips
Market
MCX Tips
Mcx Trading Tips
NCDEX tips
Nifty Future Tips
Nifty Option Tips
NSE BSE
NSE BSE stock
NSE BSE stock Market
Option Tips
Option Trading Tips
Share Market Tips
Silver
Stock Market Tips
Stock Option Market Tips
Stock Option Tips

Indian tractor sales seen rising as regions waive farm loans

MUMBAI - Tractor sales in India are likely to grows in double digits in the fiscal year that started on April 1, following a decision by at least two states to waive some loans to farmers, India's biggest tractor maker said on Wednesday. India's tractor industry posted 18 percent volume growth in the fiscal year that ended March 31.


Nearly two-thirds of farmers in India buy tractors via bank loans and a waiver by two states on loans to farmers whose crops have been hit by poor weather for crops will make them eligible for fresh borrowing. Other states are considering similar moves.

"The farm loan waiver is certainly a positive enabler for the industry," Rajesh Jejurikar, the head of Mahindra & Mahindra's farm equipment division, told Reuters on the sidelines of a conference.

Maximise your experience more in Stocks which means you a lot if you are a Financial Trader click here and subscribe us Free for two days click here to get >> http://www.ripplesadvisory.com/nifty-future-.php

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Start typing and press Enter to search