A sharp downturn in industry-wide tractor sales following 5 years of growth, together with a substantial unpaid sales tax refund, is presenting significant management and liquidity challenges at Al-Ghazi Tractors, the CNH Industrial joint venture in Pakistan.
First half 2019 revenues are 32% or Rs4 billion ($25 million) lower than in the same period last year, with unit sales down 35% from 8,827 to 5,716 in the first quarter to the end of March, and…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
