Tractor output skids as localised lockdowns disrupt supply of parts

The farm equipment segment saw capacity utilisation recover swiftly to about 90-95% in June after the nationwide lockdown was lifted as an above-normal monsoon and higher crop acreage generated demand, but much of the gains have been lost in July as intermittent lockdowns in the hubs to contain the virus have thrown production into disarray.

from Hindustan Times - business https://ift.tt/3fb2G8K