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June Auto Sales Updates: Escorts Kubota sales grow 19%; M&M says early to assess El Nino impact
The management of M&M's farm equipment division said that while it is early to assess the impact of the emerging El Nino conditions, strong government interventions like fertilizer subsidies, targeted support measures at the local level could mitigate some of the risks to farmers and cushion its impact to the Kharif season.
May Auto Sales: Escorts Kubota shares decline despite 19% growth; Here are the near-term headwinds
Escorts Kubota's domestic sales increased 22.5% to 11,887 units in May compared to 9,703 units in the previous year. However, tractor exports declined 35% to 423 units from 651 units in the year-ago period.
Auto Inc stares at stress in Bharat as signs of slowdown emerge
India's largest tractor makers and a motorcycle company anticipate declining sales due to poor monsoon conditions, risking stress in the rural auto industry. Mahindra forecasts 5% growth, while Escorts expects a 2-3% decline.
Bharat Forge, Biocon, Dabur, Escorts Kubota, Lupin, MRF, Pidilite Industries Q4 Results Today — Earning Estimates
Bharat Forge is expected to report profit at Rs 369.8 crore and revenue at Rs 4,559.97 crore.
Stocks to Watch Today: Aurobindo Pharma, Niva Bupa, Brigade, Escorts Kubota, Hero MotoCorp, Hyundai Motor, Tata Motors, Clean Max, Accord Transformer in focus on 2 March
Stocks to Watch, 02 March: Stocks like Maruti Suzuki India, Hyundai Motor India, Hero MotoCorp, Eicher Motors, Tata Motors, Tata Motors Passenger Vehicles, Mahindra and Mahindra, TVS Motor Company, Escorts Kubota, Niva Bupa Health Insurance Company, and Clean Max Enviro Energy Solutions will be in focus on March 2.