05 Oct 2023
Below par monsoon is the primary reason for the falling tractor sales, which were “good” in FY22 and FY23. The high base of the previous two fiscal years is also affecting growth; a large part of tractor buying is due to replacement demand.
12 May 2023
Bharat Madan’s main priorities in this fiscal are initiating cost control measures within the company, both on the material cost as well as on the fixed costs, and driving growth to get back the lost market share in the last 2-3 years.
18 Oct 2022
The adjective ‘Sexy’ meaning excitingly appealing, glamorous as in the description, ’a sexy new car’, the author says, is deliberately used to convey the message that agriculture in India needs a thorough metamorphosis and be more than growing crops. It has to be ‘farming’ and include also flowers, fishes, poultry, livestock, bees, and a lot more to make it the most alluring, modern, aspirational, respected and highly rewarding occupation. A six-step action plan is presented here to make Indian farming sexy and they are: Start respecting the farmer, Co-operatives, collectives and CHCs, “Atmanirbhar” integrated farming, Focus on women and SHGs, Storage up, food inflation down , and Create national recognition platforms.
05 May 2022
Together, the tractor volumes (domestic and exports) are around the one lakh unit mark for the first time in six months. The last time that tractor sales hit the one lakh unit mark was in November 2021 when it hit a high of 127,809 units of domestic sales and 12,194 units of exports.
18 Nov 2021
In order to make Escorts as the exclusive vehicle of business in India, Escorts and Kubota have decided to take necessary steps to evaluate and consider the feasibility of merger of Kubota Agricultural Machinery India Pvt. Ltd (KAI) & Escorts Kubota India Private Limited (EKI), subject to necessary approvals, Escorts said in a BSE filling.
05 Aug 2021
Consolidated revenue from operations during Q1 FY22 was at INR 1,701.79 crore, up 56.2%, compared to INR 1,089.26 crore in the year-ago period, the company said.
19 Jan 2021
Escorts Limited is the first and the only company to receive CMVR certificate in India for electric tractor. Designed and developed by the in-house R&D of Escorts, the electric tractor is in the 21-30 HP segment.
05 Oct 2020
"For the Construction Equipment Vehicles, the applicability of the next phase of emission norms are proposed to be applicable with effect from April 1, providing a deferment of six months," it added.
28 Aug 2020
Barring the supply chain challenges, almost all the factors, intensity of monsoon and its spread, minimum support price, government spending and even sowing and harvesting, have been very positive.
03 Aug 2020
In July the company restricted production to around 60-65% of capacity impacted by localised lockdown and COVID-19 cases in suppliers and at its factory, after reaching 90-95% capacity in June.
28 Jul 2020
The expectation of a normal monsoon, uptick in rural demand and improved financing conditions are some positive takeaways for the FY21 outlook for the company.
27 Jul 2020
Escorts' total income declined to Rs 1,119.115 crore during the first quarter as against Rs 1,458.38 crore in the corresponding period a year ago.
11 Jul 2020
Upon completion of the transaction, Escorts to issue and allot 12,257,688 equity shares through a preferential issue to Kubota at an issue price of Rs 850 per equity share, subject to shareholders' and necessary regulatory approvals.
01 Jul 2020
Escorts indicated that 40-50% of the bottled-up stock demand is already knocking at the door in terms of inquiries and leads.
18 May 2020
Due to uncertainties in the market conditions post the outbreak of coronavirus pandemic, Escorts Ltd has decided to delay the commencement production at its new JV plant to slightly later date this year. Besides, the company is also mulling to reduce its capital expenditure for FY'21 to weather the current supply chain disruption.
14 May 2020
Escorts says there would be a lot of dependency on the flexibilities and policies to be announced by the government for the farming sector.
02 Mar 2020
Escorts sold 8,049 units in the domestic market in February 2020, up 16.3% from 6,918 units recorded in the same month of 2019.
29 Jan 2020
The company had posted a consolidated profit of Rs 139.21 crore in Q3 2019, as per regulatory filing.
27 Aug 2018
Initially, the companies will invest Rs 60 crore and will have a dedicated manufacturing plant with a focus on R&D and for selling directly in the market, as per an investor presentation by Escorts Ltd.
24 Aug 2018
Coming out of a Q1 sales growth of 24%, the industry is now stepping up the capex drive.