Tractor Sales Expected To Show Upswing Despite Pandemic
Tractor industry in India has witnessed strong sales despite the Covid-19 pandemic. While the Coronavirus has affected other sectors, agriculture was not impacted as much.
Data for January 2021 by Tractor and Mechanization Association (TMA) shows altogether production of tractors at 96,020. The total units sold was 87,579, out of which 9,234 were exported.
The demand is expected to continue in the coming financial year due to high agricultural growth and a rural infra push.
Earlier, for January last year, TMA figures indicated a total production of 68,053 tractors, where 59,367 were sold (including 5,980 exports).
The figures for December 2020, depicts production at 91,969, and 71,740 sold (including 10,491 exports).
In India, tractors' registration rose 11.14% on a YoY basis in January to 60,754 units, according to data from the Federation of Automobile Dealers Associations (FADA).
Now thanks to a recent innovation, tractors modified to run on compressed natural gas (CNG) may further add to the sales figure.
Regarding the sales upswing, reports attribute it to several factors. Among others, it included easier finance options, good monsoon, increased MSP and market rates realization, restoration of channel inventory, higher Kharif and Rabi output, and rural cash flows.
If rising prices of fuel was any impediment, a new modification with diesel tractor running on CNG may address it.
A farmer will be to save more than one lakh rupees annually on fuel costs now, said Union Minister for Road Transport and Highways Nitin Gadkari, launching the first CNG tractor in Delhi last week.
The conversion from diesel to CNG, carried out by Rawmatt Techno Solutions and Tomasetto Achille India, will render tractors environment friendly. CNG is a clean fuel as it has the lowest content of carbon and other pollutants.
Farmers can save on fuel cost as current diesel prices are hovering around Rs.80/L whereas CNG costs about Rs.42/kg. Also, CNG prices are far more consistent than fluctuating fuel cost.
With zero lead content and being non-corrosive, non-dilutive and non-contaminating, CNG will help in increasing the life of the engine. Overall emissions are reportedly reduced by 70% as compared to diesel.
Further, stubble (parali) can be used as a raw material for producing bio-CNG. Thus, farmers can also earn by selling it to bio-CNG production units.
“An alternative energy model based on clean sources is developing, and this will help in meeting the country's commitment to COP 21 for reduction in pollution,” said Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan earlier.
Gujarat Government Boost For Hydroponic Farming In Cities
Mar 02, 2021
Agriculture Growth ‘Bright Spark’ In Times Of Pandemic: Study
Feb 27, 2021
Efforts To Produce More Of World’s ‘Costliest Spice’ In India
Feb 26, 2021
Empowering Story Of A Woman Who Followed Her Dream
Mar 01, 2021
Grit, Determination: Inspiring Story Of A Woman Farmer
Feb 16, 2021
Can This Bihar Farmer Grow The ‘World’s Costliest Vegetable’?
Feb 05, 2021
Rhizome With Health Benefits; Growing Ginger In Kitchen Garden
Feb 20, 2021
5 Tips To Start Your Terrace Garden
Jan 21, 2021
Avian Flu In India: What Should You Do To Stay Safe?
Jan 16, 2021
Why Farmers In Germany Are Against A New Law?
Feb 23, 2021
‘Agricultural Production Model, Trade Need Urgent Action’
Feb 22, 2021
Agriculture Must Be Part Of Climate Change Negotiations: American Farm Bureau Chief
Feb 04, 2021