India's tractor sales drop
Emerging Markets Economy, Jul 30, 2003
India's tractor sales dropped by 20.7 per cent during April-May 2003 as last year's drought and non-availability of cash with farmers continued to hit demand.
Good monsoon this year is, however, inclined to improve market sentiments and boost sales in near term, President of Tractor Manufacturers Association (TMA) R C Jain told PTI.
Sale of tractors slipped to 21,467 units from 27,104 units during April-May 2002, data collated by TMA showed.
C 2003 All rights reserved. EMEconomy
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