Neeraj Mehra
Chief Officer of the Tractor Business Division
Notable Quotes
We expect the industry to taper down over the next few months. The overall guidance for fiscal year 2027 is kind of a flattish industry, 2%-3% up, 2%-3% down.
We see an upswing in the industry, and we're looking at this year to end at double-digit growth, a marginal growth in the double digits.
The major growth in exports will come when the greenfield is up and running. That will happen somewhere in 2028, 2029.
In India, we do not see it to be a really good market, especially looking at the affordability aspects of the farmers.
The industry swing has actually impacted severely the market share of EKL. The contribution of the EKL stronger markets to a very large extent has come down by about 5%, 6% which has actually impacted the market share.
We are looking at a mid- to high single-digit growth this year. This is for sure that the industry is looking at the highest-ever volume in the Indian tractor market this year.
Our retail market share is better than what is shown in the wholesale market share.
The impact of various product integrations and the captive finance, to a certain extent, you will see in the next fiscal year, that too in the second half of the next fiscal year.
Our current inventory levels are between 35 days-37 days of stock on an annualized basis.