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What is the story about?
Escorts Kubota Ltd. on Friday, April 3, said its agri machinery business division will increase the prices of its tractors from this month.
It said it will be increasing the prices of its tractors, other than the Kubota brand. The same will be in effect from April 15, 2026.
The increase in prices will vary across models, variants and geographies, Escorts Kubota said in an exchange filing.
On another note, Escorts Kubota's total sales in March increased 6.6% to 12,119 units from 11,374 units in the previous year.
Last month, brokerage firm Kotak Institutional Equities upgraded its rating on the stock to 'add' from 'sell'. It has a price target of 3,375 per share.
The brokerage said Escorts Kubota's core drivers remain intact.
It said the company's tractor demand has become less dependent on monsoon variability because of structural buffers such as MSP support, irrigation, income of diversification, non-agricultural usage and improved finances.
It added that while monsoon is a determinant of tractor sales, there are various other factors that impact it as well.
With the GST cut and improvement in terms of trade, the brokerage believes decline in tractor volumes will be limited.
Also Read; Bajaj Auto sales in March largely in-line; Exports up 21% but fail to maintain monthly run rate of 2 lakh units
It said it will be increasing the prices of its tractors, other than the Kubota brand. The same will be in effect from April 15, 2026.
The increase in prices will vary across models, variants and geographies, Escorts Kubota said in an exchange filing.
On another note, Escorts Kubota's total sales in March increased 6.6% to 12,119 units from 11,374 units in the previous year.
Last month, brokerage firm Kotak Institutional Equities upgraded its rating on the stock to 'add' from 'sell'. It has a price target of 3,375 per share.
The brokerage said Escorts Kubota's core drivers remain intact.
It said the company's tractor demand has become less dependent on monsoon variability because of structural buffers such as MSP support, irrigation, income of diversification, non-agricultural usage and improved finances.
It added that while monsoon is a determinant of tractor sales, there are various other factors that impact it as well.
With the GST cut and improvement in terms of trade, the brokerage believes decline in tractor volumes will be limited.
Also Read; Bajaj Auto sales in March largely in-line; Exports up 21% but fail to maintain monthly run rate of 2 lakh units
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