Escorts Kubota reported a higher-than-expected profit in the second quarter, with a standalone net profit of 3.27 billion rupees. Revenue increased slightly to 24.76 billion rupees, while expenses also rose. Domestic sales improved by 0.3%, with strong growth in the agricultural machinery segment offsetting weaknesses in other areas. The company also benefited from a deferred…
Mahindra Farm Equipment, a part of Mahindra and Mahindra’s agriculture industry arm, expects 6-6.8% growth for FY 2025. The company showcased prototypes of alternative fuel tractors such as CNG, CBG, and LNG but is not looking to launch electric tractors. Despite global challenges, the company maintained its position as India’s largest tractor manufacturer with a…
In October 2024, overall fuel consumption in India increased by 2.9% compared to the same month the previous year. This rise was driven by increased petrol and diesel sales, fueled by higher vehicular and economic activity during the festive season. While petrol consumption saw a significant 8.6% increase, diesel sales only grew by 0.18% year-on-year….