The two are used to gauge rural demand but the contrast in volume growth points to change in consumer behavior. Better crop output, improving rural incomes behind tractor sales growth.
The two-wheeler maker has exposure to geographies that are in economic and political turmoil
February sales volumes show the auto major challenging the leader, in a market segment that has changed dramatically over the last year
Commercial vehicle exports see the sharpest year-on-year fall
Brokerage houses feel demand will be lower in certain segments, but improvement in cash situation could aid it in other segments.
The demonetisation impact has not fully subsided and two-wheeler companies might continue to feel the pain for few more months, according to S Ravikumar, President - Business Development at Bajaj Auto.
Hinduja Group firm sold 14,067 units last month against 13,403 units during the same period last year.
Shares of TVS Motor Company climbed 8.2 percent intraday Tuesday on reporting a 15.14 percent growth in sales numbers in February.
Tata Motors-owned Jaguar Land Rover today reported three per cent increase in global sales at 26,855 units in February from the same month last year.