Escorts Kubota Limited CC-May26.pdf · 2026-05-07
Yeah, good evening, sir. And thanks for the opportunity. Sir, you mentioned about the industry growth being flattish for the full year and significantly negative for the second half of the year. Sir, my request is if you can also elaborate in terms of one reason you said about the high base. But if you can also elaborate on your view on the monsoon and El Nino effect and the subsequent effect on the rural purchasing power because of that.
Got it, sir. Sir, my only request was while the answer is quite comprehensive, what I was trying to understand is that there are two effects which are playing out simultaneously. Is, one, a very high base effect in the second half; and two, an incremental negative impact due to two reasons. One is the higher price of the material due to higher commodity prices and also due to bad monsoon and a low reserve level as you are saying. So, is it possible by any reason to understand which effect would be playing by what percentage? Let's say, if the base effect would have been normalized, would you still be negative on that front because of the monsoon effect.