India's tractor sales to slow this decade-official

Newswire

By Arif Sharif NEW DELHI, Nov 27 (Reuters) - Growth of tractors sales in India will slow to four to five percent a year this decade from 10 percent in the 1990s as the world's largest market nears saturation, a top industry official forecast on Wednesday. Ramesh C. Jain, chief executive of Eicher Tractors, the industry's fifth-largest player, told Reuters the industry had sold nearly 200,000 tractors a year in the past decade and so nearly 80 to 85 percent of Indian farms were now ...

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