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  • Eyeing 3-4% growth in FY15: Escorts Agri Machinery

    The company just recently launched two tractor models in Bangladesh- Farmtrac 6060- Heritage series and Powertrac Diesel-Saver Plus 4450 Euro series.

  • Will keep vol growth at 14%; no price hikes seen: Escorts

    According to Madan, rise in prices and cost control have helped in increasing margins. The company is hopeful of maintaining volume growth of current levels of 14%.

  • See 6000 units per month run-rate by Feb, March: Escorts

    Sameer Tandon, Escorts Agri Machinery is optimistic of run rate going back to 6000 units per month from the current 4000 units by February, March.

  • Exports only silver lining amid auto gloom: SIAM

    In an interview with CNBC-TV18, Vikram Kirloskar, President of Society of Indian Automobile Manufacturers (SIAM) and Vice Chairman, Toyota Kirloskar Motor Ltd (TKML), spoke about the state of the auto industry and what it will take to kick-start growth.

  • Will hike price by 1.5-2% in Nov: Escorts Agri Machinery

    The company sold 9,209 tractors in domestic market in October 2013 and expects its volumes to grow by 12-13 percent in this festive season.

  • Escorts eyes 13-14% growth, says phenomenal Sept sales rare

    According to Sameer Tandon, the 33-34 percent growth seen by the company in September (YoY) may not be sustainable going ahead. However, he believes good monsoons can keep up the positive momnetum.

  • Will grow in line with industry at 10-12% in FY14: Escorts

    In an interview to CNBC-TV18, Rajan Nanda, chairman and managing director, Escorts says farmers are now very profit driven and they are going to become cash rich, thereby adopting newer and better technologies, gears.

  • See margins improving on new products demand: Escorts

    Despite a conitnuing slowdown seen in the auto industry, Sameer chief of sales- service and spares, Escorts expects the company to post better margins on the back of new products.

  • Escorts plans to launch products in premium segment

    Escorts plans to focus on high value premium offerings going forward, said joint managing director Nikhil Nanda.

  • Construction, railway biz will improve in FY13: Escorts

    Tractors manufacturer Escorts reported 49 percent rise in quarter-on-quarter profit to Rs 28.13 crore in the first quarter of financial year 2012-13. Its revenues grew by 25 percent to Rs 1,028.2 crore from Rs 823.40 crore during the same period.

  • Aim to boost market share from 11% to 13-14% ahead: Escorts

    Agri-machinery segment player Escorts‘ Q4 net profit stood at Rs 18.9 crore against Rs 8.2 crore reported a year earlier. It reported net sales of Rs 819 crore in Q4 compared to Rs 763 crore (YoY).

  • See 15-20% growth on waning manual labour: Escort

    Rohtash Mal, executive director and CEO of Escort says that the tractor sales have been upbeat on account of a many factors, apart from the MET forecast. “Low manpower and high literacy, along with ready available finances are the drivers to the buoyant tractor sale,” he says.

  • See 20% volume growth in Q4: Escorts

    In an interview with CNBC-TV18, Rajan Nanda, CMD, Escorts, spoke about the results and his outlook for the company.

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