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Tractors Clock Highest Retail Sales In 19 Months In July 2020
Overall vehicle registrations fell 36.9% year-on-year drop but rose 16% over the preceding month to 11.34 lakh units in July.
06 Aug 2020, 01:47 PM IST
Tractor sales at dealerships jumped to the highest in 19 months, aided by normal monsoon and pent-up demand in India’s hinterland ahead of the sowing season, helping the sector witness a recovery before other categories.Vehicle registrations—a measure of sales at dealerships—for tractors rose 35% year-on-year and 67% over the preceding month to 74,319 units in July 2020, according to data of 1,225 regional transport offices in 32 sta...
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