New Delhi, Feb. 18 -- A favourable Southwest monsoon, Goods and Services Tax (GST) reduction, and Chaitra Navratri festival, which is considered an auspicious period for vehicle purchases falling in March this year, is expected to push domestic tractor sales to an all-time record high of 1.17 million units in the current fiscal, said Hemal Thakkar, director, Crisil Intelligence.

With rural demand showing signs of revival and policy support remaining favourable, the tractor industry appears poised for one of its strongest performances in recent years, with festival-driven sentiment giving a strong push to dispatches.

Domestic tractor sales have already recorded a 21% jump in the first 10 months of the current fiscal year, with 978,137 un...