The company expects volume in the domestic tractor industry to fall by 6-7% in FY24. Export markets also remain dull thanks to recessionary concerns in Europe, and the company’s launch in the US has been delayed to FY26.
Escorts Kubota Ltd: The company s standalone net profit rose nearly 49% to 2.77 billion rupees (about USD 33 million) for the three months ended Dec. 31, but fell short of analysts expectations of 2.82 billion rupees, per LSEG data. India s festive period was a mixed one for tractors, analysts said. Uneven and below-normal rains towards the end of quarter also did not help.
Hyderabad: Hyderabad is getting ready to witness KISAN Agri Show 2024, the largest agriculture exhibition in Telangana. The 2nd edition of KISAN Agri Show which is being organised at HITEX Exhibition Centre is poised to revolutionize the agricultural