US interim trade deal opens door for tractor exports: Escorts Kubota CFO

Group 1: India-US Trade Deal Impact - The India-US interim trade deal presents an opportunity for Escorts Kubota to explore exporting tractors to the US market [1][2] - Currently, the company is not exporting to the US, but the new tariff situation may facilitate market entry [2] - The parent company, Kubota Corporation, is currently exporting from Japan, facing a 15% tariff, which is comparable to India's 18% tariff [3] Group 2: Kubota's Strategic Plans - Kubota Corporation aims to make India a growth engine under its mid-term business plan for 2030, focusing on R&D, procurement, and production [4] - The strategy includes leveraging India to enhance cost competitiveness and strengthen the supply chain [4] Group 3: EU Trade Relations and Domestic Market Outlook - The tariff on tractors for the India-EU Free Trade Agreement (FTA) is already zero, and no major impact on the tractor business is expected [5] - The tractor industry in India is projected to grow significantly, with a 23% increase in the third quarter following GST rate reductions [5] - For the March quarter, industry growth is anticipated to be around 30-35%, with momentum expected to continue into mid-year [6] - In the quarter ending December 2025, Escorts Kubota reported tractor volumes of 36,955 units, a 13.5% increase from the previous year [6]