‘Farm machinery sector may touch ₹15,000 cr. in FY26’
The Hindu
India's farm machinery industry is set to grow from ₹9,200 crore to ₹15,000 crore by FY26, driven by the need for mechanisation in sustainable agriculture. This was revealed by Mahindra & Mahindra during a visit to Cape Town, South Africa.
With farm mechanisation being one of the essential components of growth of sustainable agriculture in India, the country’s farm machinery industry is expected to grow from ₹9,200 crore in FY22 to ₹15,000 crore in FY26, says Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra.
(The writer was in Cape Town at the invitation of Mahindra & Mahindra)
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