Escorts is planning to increase its annual tractor production capacity as demand has been quite strong.
“(It) will take a year for the capacity to rise,” said Bharat Madan, Group CFO of Escorts in an interview to CNBC-TV18.
“Kubota joint venture has earmarked a capacity of 30,000 tractors for Escorts, which should come into production around June next year,” he said.
“The idea is to take the capacity to 2 lakh units per annum,” Madan said, adding that retail sales have been strong.
Escorts expects second half revenue growth to be much stronger than that in the first half of the year.
For entire interview, watch video