Loading...
India's Tractor Sales Outlook Subdued Amid Weak Monsoon Fears: HSBC Report
LIVE TV
LOCAL
ENGLISH
For You
Entertainment
National
Sports
Markets
Business & Economy
Lifestyle
World
Astrology & Religion
Technology
Education & Jobs
Auto
Politics
Viral
Opinions
Loading more articles...
Home
Local
Live TV
Tractor Sales Outlook Subdued Amid Weak Monsoon Concerns: HSBC Report
N
News18
•
26-02-2026, 14:30
Tractor Sales Outlook Subdued Amid Weak Monsoon Concerns: HSBC Report
•
India's tractor sector faces a subdued outlook due to the anticipated El Nino effect, potentially weakening monsoons and rural demand.
•
HSBC estimates a tractor volume CAGR of 0-2 percent for FY26-FY28, indicating muted expansion.
•
Historically, El Nino years have led to declines in tractor volumes due to weaker rainfall and lower farm income.
•
Supportive factors like 24 percent above-average reservoir levels and strong replacement demand (45 percent of sales) may cushion the impact.
•
Long-term outlook remains positive, with India having 11 million tractors and low penetration at 7 percent of land parcels.
Read Full Article on News18 in English
✦
More like this
✦
More like this
Coal Demand to Surge as Power Consumption Rises, Experts Predict Uptick
N
News18
Cement Demand Surges in Q3FY26 as Prices Dip, Nuvama Reports
N
News18
India's Economy Strong Amid West Asia Conflict: Report
N
News18
Century Plyboards Defies Muted Demand, Confident in FY26 Growth Targets
C
CNBC TV18
US Tariff Rollback Boosts India's Growth Outlook, Rupee Rally Short-Lived: Experts
C
CNBC TV18
IT Sector Plunge Drags Indian Stocks Down Amid AI Disruption Fears
N
News18