MUMBAI : Tractor manufacturers are hopeful of strong recovery of lost sales as a result of the pandemic-induced lockdown that was imposed from the last week of March. “Upto 50% of the sales lost due to lockdown from March, April and May can be recovered in the months of June – October as we can see that the rural sentiment is positive on good rabi crop output this year.
Water reservoir levels are high and good monsoon forecast will further encourage the demand for tractors," Shenu Agarwal, chief executive officer, Escorts Agri Machinery said in an analyst call on May 14.
Agarwal estimates that the farm equipment industry has lost sales of 70,000 – 80,000 tractors during the lockdown period. The hopes of tractor manufacturers will also be