Mahindra Cuts FY27 Tractor Industry Growth Outlook to Flat Amid Weak Monsoon, Rising Costs
Mahindra & Mahindra has lowered its FY27 tractor industry growth outlook to broadly flat from its earlier expectation of mid-single-digit growth, citing weak monsoon conditions, pressure on farm incomes and rising agricultural input costs. The revised forecast comes as the automaker’s core tractor profit margin contracted by 300 basis points year-on-year to 17.6% during the … Read more