Page 5 - Bharat Madan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Q1 of this fiscal is expected to be challenging due to Covid second wave Agri equipment maker Escorts says its capex plans to ramp up tractor capacity and other programmes are intact as the company sees positive growth outlook for FY22 amid the impact of second wave on tractor demand. The company, which will be celebrating its Platinum Jubilee this year, says macroeconomic factors (under-penetration of farm mechanisation, expectation of normal monsoon, continued government focus on boosting rural incomes) are extremely positive and will augur well for the tractor industry. Escorts admitted that Q1 will be challenging for the industry after ending FY21 with record volumes. The second wave of the pandemic has proved to be dampener so far and this time has also affected the rural heartland. Sales and manufacturing have been disrupted due to the lockdown. About 70 per cent of Escorts’ dealers are closed. Overall, the second wave is seen clouding the demand environment over the shor

Bharat madanPlatinum jubileeGroup chief financial officerCorporate headPent up demandCovid 19பாரத் மதன்வன்பொன் ஜூபிலிகுழு தலைமை நிதி அதிகாரிபெருநிறுவன தலைபேண்ட் மேலே தேவைசர்வதேச பரவல்