India is grappling with falling rural demand aggravated by unseasonal rains that threaten to destroy what could have been a bumper crop year. Maharsahstra is the worst impacted state in the country and the compensation announced can barely cover the losses faced by the farmers.
The company just recently launched two tractor models in Bangladesh- Farmtrac 6060- Heritage series and Powertrac Diesel-Saver Plus 4450 Euro series.
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.
Speaking to CNBC-TV18, Sameer Tandon, chief of sales- service & spares, Escorts Agri Machinery, says the agricultural products firm is likely to see sales growth of 10-12 percent in December-January.
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.
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.
In an interview to CNBC-TV18, Sameer Tandon, Chief of Sales, Service & Spares of Escorts Agri Machinery spoke about company‘s sales numbers.
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.