Mhinda Tractor

Change in taxation policy

100% FDI policy

Regaining bucolic dynamism, a key goal of el flushth five year plan

Economical Factors: These include interest rates, taxation changes, stinting growth, rising prices and exchange rates. Economic change can take a leak a major impact on a firms behavior.

The economics factors related to tractor fabrication ar:

95% of tractor sales are on credit. Credit is extended by commercial banks, responsibility lower development banks and regional rural banks.

Cost of tractors in India is the cheapest in world .The cost of a finished tractor here(predicate) is as much as the cost of gear boxful in developed countries. Hence there exists tremendous compass for exports.

Detoriating foreign exchange situation in western country, light buying capacity and comparatively cheaper import of second put across tractor from developed country reduces the export of tractor from India in recent days.

little interest rate charged by banks for agricultural inputs

inflation may provoke high wage demands from employees and raise costs

higher national income growth may boost demand for a firms products

Social factor: Changes in social trends like community increase can impact on the demand for a firms products and the industry as a whole.





The social factors related to tractor industry are

Due to land fragmentation farmers with small land property are buying tractor

There is an increase in cognisance among the farmers for the need of farm mechanization and are keen to grasp tractor with the help of credit facilities from financial institutions.

there is need for more than tilling due to depletion of moisture and repeated cultivation of land .It is precisely for this reason that the demand for tractors was well maintained even during a draught period

Animal power available is as well as inadequate to meet power demand of our farmers. Mechanized trading operations are preferred to eliminate...If you want to get a well(p) essay, order it on our website: Orderessay



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