Automaker Mahindra & Mahindra (M&M) has raised the growth outlook in the tractor business to double digits. The growth outlook now stands between 10% to 12% from 5% to 7% in the beginning of the year. The positive stance also reflects in its Q2 earnings where in the core business, the tractor segment saw a very strong growth of PAT of over 50%. Advertisement

Rajesh Jejurikar, Executive Director and CEO of Auto and Farm Sector at Mahindra and Mahindra expects a very positive momentum in the market due to the festival season and GST is one key enabler. Listing out the enabling factors behind the earnings show, Jejurikar told Business Today that the rains and reservoir levels were good.

Jejurikar also attributed strong government spending in rural areas, exports of farmers of the crops

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