Financial Daily from THE HINDU group of publications
Tuesday, Mar 16, 2004
Financial Daily from THE HINDU group of publications Tuesday, Mar 16, 2004 |
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Opinion
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Letters Tractor sales
The report on tractor sales (Business Line, March 13) was an interesting piece of information. The de-growth in sales by about 17-20 per cent in the first half of the current fiscal getting offset to show the highly impressive positive growth happening from October 2004 and Jan-Feb 2004 growth alone being reported as 45 per cent is remarkable. The reasons for the growth have been reported as a good monsoon this year and the low levels of inventory of finished tractor stock. While the former is justifiable the latter seems unreasonable — why build inventory levels, detrimentally high to eat into future sales. "Inventory levels have come down from 1,00,000 to 50,000 units at present". It is almost 65 per cent of year's sale volume. Why not look into areas to develop variants with diverse applications other than agriculture? Variants could be goods-pullers, material-handling units, recovery vehicles and machinery-mounted units for various applications. It would definitely be not sensible to roll out standard vehicles just to park them in the yards. Sekhar Venkat Avadhani
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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