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Why Escorts Is Bullish Despite Virus Turmoil
Escorts, which beat estimates in quarter ended March, says supply-side issues will continue but should be manageable by planning.
19 May 2020, 02:29 PM IST 
Farmers transport harvested wheat by tractor on a deserted street during a partial lockdown imposed due to the coronavirus at a town in the Bulandshahr district of Uttar Pradesh, India, (Photographer: Prashanth Vishwanathan/Bloomberg)
Automakers reported no sales in April and expect May to be subdued as economic activity resumes gradually amid the world’s strictest lockdown to contain the novel coronavirus. But Escorts Ltd., India's second-largest tractor maker, remains bullish during the period of turmoil, betting on pent-up demand.Escorts, which beat estimates in quarter ended March, expects supply-side issues to continue but can be managed by planning. “Now whe...
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