Credit rating agency ICRA projects growth of nine to 10 per cent in volumes for the entire year, keeping in mind the impact of demonetisation over the near term. In the long run, it maintains a compounded annual growth rate of eight to nine per cent in volumes for the industry .
M&M sold 15,918 units in the domestic market in November, down from 20,819 during November 2015. Total tractor sales (domestic and exports) were 17,262 units, as against 21,717 for the same period last year. Exports for the month were 1,344 units.