Automotive & Parts #tractor#industry
Tractor Industry Growth to Moderate to 1-4% in FY27 on Weak Monsoon Outlook: ICRA
According to ICRA, the tractor industry's volume growth is expected to moderate to 1-4% in FY27, down from 23.5% in FY26, due to a high base and a below-normal monsoon forecast. The Indian Meteorological Department projects below-normal rainfall due to El Nino, posing risks to kharif production and farm incomes. Despite this, margins and credit profiles of OEMs remain healthy.
Jul 21, 2026 1 source