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    Home»Featured»Tractor, agricultural equipment business reduced by 30 percent
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    Tractor, agricultural equipment business reduced by 30 percent

    Finance KhabarBy Finance KhabarDecember 19, 2020No Comments2 Mins Read
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    New Delhi: The impact of the farmer movement, which has been going on for more than a fortnight, has slowly started to show on the business. The business of Mori Gate, the country’s largest market for spare parts for farming machines and tractors, has begun to slow down. Seeing the declining business, the shopkeepers there are waiting for the end of the Farmers’ Agitation. He says that when the farmer is not in the field then who will take care of machines and tractors. When there is no maintenance, the sale of spare parts will stop.

    Niranjan Poddar, president of the Automotive and General Traders Welfare Association, said that 30 percent of the business has been reduced due to the farmer movement. The trade of these things is totally at a standstill in Haryana, Punjab, Himachal and Jammu and Kashmir of North India. Apart from these states, farmers of states like Bihar, Bengal, Odisha, Assam, Telangana, Andhra Pradesh, Karnataka, Kerala, Maharashtra are not giving orders only after seeing the news of farmer movement in the media. Similarly, transporters have also increased the rate due to the movement of the border. Because of this, traders’ expenses are increasing while margins are decreasing.

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