Mahindra & Mahindra, on Thursday, said it expected farm equipment industry sales to fall below 25 per cent in the second half of the fiscal.

A better than expected monsoon helped the tractor industry to clock higher volumes of over 20 per cent in the first half of the fiscal against a negative growth in the corresponding period last fiscal. The domestic tractor industry clocked 24 per cent growth in the three months to September, while Mahindra’s growth was a tad lower at 22.1 per cent during the period.

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