Escorts Kubota Expects High Single Digit Growth for Tractor Industry in FY26

The company pointed out that all the factors that impact the industry such as the forecast for the rain have been been positive this year.

Yukta MudgalBy Yukta Mudgal calendar 09 May 2025 Views icon405 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Escorts Kubota Expects High Single Digit Growth for Tractor Industry in FY26

Escorts Kubota Ltd (EKL) has projected mid to high single-digit growth in domestic tractor sales by 2025-26 on account of good rainfall projections and the government's focus on agriculture infrastructure.

"This is for sure that the industry is looking at the highest-ever volume in the tractor market this year. And if all things fall into place, we are probably looking at a 10 lakh number this year," Neeraj Mehra, chief officer, Escorts Kubota Ltd said.

Mehra pointed out that all the factors that impact the industry such as the forecast for the rain have been good and all the other factors like the government focus on agri-infra have been positive this year.

Earlier, Bharat Madan, Escorts Kubota's whole-time director and chief financial officer had told Autocar Professional, pointed out that if new emissions norms are scheduled to go into effect from April 1 next year, there could be a lot of pre-buying.

The tractor industry had achieved record-breaking sales in the financial year 2023, a benchmark that is yet to be surpassed. In 2022-23, the industry clocked a sales volume of 9.45 lakh units. However, the sales declined 7% in the following financial year to 8.76 lakh units.

Credit ratings agency CRISIL also projects that higher minimum support prices for key cash crops, better replacement and construction demand amid hopes of above-normal monsoon are likely to drive domestic tractor sales to hit an all-time high of around 975,000 units in 2025-26, growing at 3-5 per cent.

RELATED ARTICLES
Citroën and Jeep Announce Summer 2025 Service Campaigns Across India

auther Arunima Pal calendar09 May 2025

Both campaigns are applicable across all authorized Citroën and Jeep dealerships and workshops in India and offer severa...

Gabriel India Expands Production Capacity with Strategic Asset Purchase

auther Arunima Pal calendar09 May 2025

he move is expected to broaden Gabriel India’s product portfolio and customer base in the ride control sector.

Motherson Sumi Wiring Reports Slight Dip In Q4 Profit, Revenue Rises Amid Greenfield Expansions

auther Autocar Professional Bureau calendar09 May 2025

The company reported a Q4 FY25 net profit of Rs 188 crore, down 1.6% year-on-year, despite a 7.1% revenue increase to Rs...