Escorts Tractor Sales

On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%

Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said

Year-to-date sales for construction equipment registered a 56.7 per cent rise as the sales zoomed from 1,883 units during Apr-Sep 2022, to 2,950 units for Apr-Sep 2023

With the rapid pace of urbanisation and modernisation in India, the future seems bright for Railway Equipment business Division as Indian Railway network is growing at a healthy rate

Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check

Escorts Kubota reported a fall in its fourth-quarter profit on Wednesday, hurt by increased commodity prices, and unseasonal rains in March

Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA

Indian tractor maker Escorts Kubota Ltd reported a 7.5% fall in quarterly profit on Wednesday, as margins were pressured from persistently high raw material costs

Near-term worries for the stock include volume uncertainty, premium valuations

Farm equipment manufacturer Escorts Kubota on Thursday reported 7 per cent rise in tractor sales at 6,111 units for August 2022. The company sold 5,693 tractors in the year-ago same period. Domestic tractor sales stood at 5,308 units as against 4,920 units in August last year, up 8 per cent, the company said in a regulatory filing. Exports increased 4 per cent to 803 units from 773 tractors sold in August last year.

The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years

Picks up 5.9% more for Rs 1,873 crore

Expansion of product portfolio, sourcing base and export opportunity to drive growth

Escorts Ltd is confident of clocking a double-digit growth in tractor sales in 2021-22, having registered good volume in the first quarter, according to a senior company official.

Escorts Agri Machinery said the tractor demand is expected to continue to be strong on back of positive macroeconomic factors and strong rural cash flows

Farm equipment manufacturer Escorts Agri Machinery on Monday reported a 48.8 per cent jump in tractor sales at 9,021 units in January 2021

Sustained tractor demand, market share recovery and pick up in exports key tailwinds

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

Farm equipment manufacturer Escorts Agri Machinery on Friday reported an 88 per cent jump in tractor sales at 7,733 units in December 2020