Search Result for : Tractor

The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017.  In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...

The Dollar Business  Escorts Ltd, India’s leading tractor manufacturer, announced the launch of new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category simultaneously in Italy and Mexico at EIMA, International Exposition of Machinery for Agriculture and Gardening, Bologna, and at Expo Agroalimentaria Guanajuato, Irapuato, respectively. Aligned to Farmtrac pedigree of classic, simple and efficient farm machines, these new Escorts tractors are a technology marvel with value for money for farmers worldwide.  The Farmtrac tractors conform to stringent European norms in every aspect with the new CRDi engine and transmission designs, most advanced in their category. Custom manufactured for world farmers, Farmtrac FT 6080 Pro & FT 6090 Pro tractors are cost efficient high-end machines ...

The Dollar Business Bureau The onset of a better monsoon this year is expected to increase the demand for tractors in the national market, an official from India’s leading tractor manufacturing company, Sonalika International Tractors, said in Kolkata on Friday. “The situation has started improving because this year we are having good rainfall. We are expecting a growth of 10 percent, said R K Singh, President - Sales and Marketing, Sonalika International Tractors. “In the previous year, the tractor industry witnessed a decline of around 9 percent. However, we maintained our share in the market,” Singh said. The market share of Sonalika’s tractor exports in the first quarter period this year is 13.7 percent compared to 13 percent in the same period a year ...

 The Dollar Business Bureau Commercial vehicles loan seems to be on the recovery path, thanks to falling diesel prices and rising industrial growth, a study has said. According to India Ratings and Research (Ind-Ra), the Early Delinquency Index (EDI)— a tool to measure the frequency of loan default cases— has come down to 7.19% in February 2015 from 8.05% in the same month last year. Transactions securitised in 2014 have shown better performance with initial 90-plus days past due delinquencies (DPD) being on a lower level than that witnessed in 2013 vintage transactions. On the other hand, loans on construction equipment remain stressed mainly due to the slow growth rate in mining and infrastructure sectors. In February, weighted average ...

The Dollar Business Bureau Clocking a compounded annual growth rate (CAGR) of over 26% during 2003-13, India had showed the third highest growth in exports of tractors after Poland at 31% and China at 30.5%. The domestic tractor industry growing at a CAGR of over 20% is likely to cross 8 lakh units by the end of this fiscal. “Demand for tractors is heavily dependent on agriculture production and level of monsoon received. Thus with forecast of normal monsoon this year, production, demand and sale of tractors might improve in the later half of this year,” D S  Rawat, national secretary general of ASSOCHAM (Associated Chambers of India) said. As per a recent study by industry body ASSOCHAM, Karnataka has been ranked on ...