Tractor industry festive sales may grow 8-10% in FY25: Escorts Kubota CFO

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Tractor industry festive sales may grow 8-10% in FY25: Escorts Kubota CFO - Business Standard

Quick Summary:

Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan.

After a soft first half, the tractor industry is expected to gain momentum in the second half of the ongoing fiscal, growing in double digits, leading to an overall mid-single digit growth for the full year, he told PTI.

He was responding to a query on how tractor sales in the industry fared during the festive season.