Rohan Takalkar / Friday, May 4, 2018 / Categories: Trending, Markets Tractor sales to grow by 8-10% in FY19: M&M Farm Division Chief Tractor sales are expected to witness an increase of 8-10 per cent in FY19, according to Shubhabrata Saha, chief of operations (farm equipment division) of Mahindra & Mahindra. "At a conservative estimate, the industry is expected to grow by 8-10 per cent this fiscal," Saha stated and added "The growth is highly dependent on the monsoon pattern." Indian automobile industry has showed significant growth in FY18. The rising consumption demand has led robust sales growth across the automobile categories, including tractors. In FY18, the Indian economy recovered from demonetisation and GST implementation due to good monsoon, which aided strong tractor sales growth of 22 per cent for the year. Mahindra & Mahindra excelled the overall growth rate in tractor sales. The tractor maker has close to 43 per cent market share in India, while the industry size last year was about 7.09 lakh units, according to Saha. The M&M stock closed today at Rs 854.20, down by 1.03 per cent, on the BSE. Previous Article IT index at decisive levels, so go stock-specific Next Article Top 5 biases in investing Print 1654 Rate this article: 5.0 Please login or register to post comments.