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Tractors in India is a major industry and important contributor to your profits from agricultural production. In 1947, as India gained independence from the British colonial empire, the level of mechanisation of agriculture was low. The five-year plans oriented towards socialism of the fifties and sixties aggressively promoted rural mechanisation through joint ventures and ties between local industrialists and international manufacturers of tractors. Despite these efforts, the first three decades after independence, local production of 4-wheeled tractors grew slowly. In the late 1980s, tractor production was almost 140,000 units per year and a prevalence rate of less than 2 per 1,000 farmers. After the economic reforms of 1991, the rate of change increased, and in the late 1990s, In the early 2000s, India reached the United States as the world's largest producer of four-wheeled tractors. FAO estimated that in 1999 the total agricultural area of India, less than 50% is under mechanised land preparation, indicating that there are still great opportunities for agricultural mechanisation. In 2013, India produced 619,000 tractors that Represented 29% of world production. The largest producer and world market of tractors. Currently, India has 16 domestic and 4 multinational companies that manufacture tractors.





After two consecutive years of negative sales growth, the tractor industry is gearing up for the "mid-teens" growth this fiscal year. According to industry sources, the tractor market is expected to be among the highest growth in the segment in the automotive industry this fiscal year. 
Tractor sellers say the growth hike is already visible in the first quarter, which places tractors among the most growth-driven sectors in the auto industry. With growth close to 15%, tractor sales growth has been more than double that of passenger cars and substantially higher than other higher gear segments such as light commercial vehicles, medium and heavy commercial vehicles and vehicles Of two wheels. With the monsoon being positive almost throughout the country, even traditionalists are now linking fiscal figures anywhere between 12-15%. Rajesh Jejurikar, President & amp; Executive Director, Farm Equipment & Two-wheel division, Mahindra & amp; Mahindra and the president of the Tractors Manufacturers Association, said: "The industry has experienced a strong change and should see a 15% growth this fiscal. In contrast, the tractor market wore out -10.4% in the Last exercise. There is a strong rise in sentiment. What is evident in the industry growth of the first quarter of 14.7%, but cash flow will start to improve after the harvest and so we expect a very good festival season this year ". The tractor industry had two consecutive years of negative growth due to a severe shortage of monsoon. Last year's account was 493497 units while sales declined by 13% in 2014-15. According to TMA data, 4.93,764 tractors were sold in the domestic market in 2015-16 compared to 5.51.463 units in 2014-15. "This year the rain has been uniformly good across the country, so loan default levels will also drop after the harvest season," he added. The market leader, M & amp; M, obtained a 2.4% market share in the first quarter to supply 44% of the total tractor market, he added. It is understandable that the recovery of the tractor has caused some joy among tractor companies, although flooding in northern and northeastern India remains a concern. "We are waiting for the floods to subside and then we will take a call on the general feeling after the monsoon," said the chief operating officer of one of the major tractor companies. "The feeling may not be uniformly superior, but it is likely to be largely positive." Total tractor sales reached 97,597 units in the quarter from April to June 2016, according to TMA data. Analysts say one of the weaknesses in this revival could be the levels of delinquency in tractor financing. "Following a sequential increase in delinquencies over nine quarters, delinquency levels declined marginally in the fourth quarter of 2010, helped by Rabi's healthier production than expected, which improved cash flows on the farm. They remain cautious in their loans, "he said. In fact, financiers continue to offer reduced LTVs in specific regions, with the intention of attracting customers with better credit quality," he added.