Technical charts suggest that commercial vehicles stocks such as Mahindra & Mahindra, Ashok Leyland, Escorts Kubota, Force Motors and VST Tillers are favourably placed and can rally up to 16%.
Technical charts show Escorts, Hudco, Dr Lal PathLabs, Force Motors and Godrej Consumer were trading above the higher-end of the Bollinger Bands on the daily scale; and can potentially rally up to 23%
Escorts Kubota shares rose following a healthy business update for September. The total sales soared 47.6% Y-o-Y to 18,267 units in Sept 2025, from 12,380 units in Sept 2024.
September auto sales expectations: Analysts cite the start of festive sales from September 22, improved finance availability, dealer inventory build-up, and positive rural sentiment as key drivers.
Escorts Kubota shares advanced after the company launched the 'PRO588i-G', a new Kubota-branded combine harvester in Punjab and Haryana.
Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.
The Yamuna Expressway Industrial Development Authority (YEIDA) has allotted around 200-acre land to Escorts Kubota Limited for setting up a Rs 4,500 crore tractor manufacturing unit. The company had signed an MoU with the Uttar Pradesh government on August 17, 2024 for the tractor manufacturing facility. It has been allotted land in Sector-10 of YEIDA, an official statement said on Monday. Under the project, Escorts Kubota will invest Rs 4,500 crore and create employment for 4,000 people in a phased manner. "In the first phase, with an investment of Rs 2,000 crore, the company will develop a tractor plant, a commercial equipment plant, and allied facilities. The second phase will be scaled up depending on market demand and the capacity utilization of the first phase," it said. Through this plant, Escorts Kubota will not only cater to domestic needs but also serve global markets. Additionally, the company plans to establish shared services for Kubota's global research and developmen
The company, majority-owned by Japanese tractor maker Kubota, logged profit before exceptional items and taxes of ₹418 crore ($47.70 million) in the April-June period, compared with ₹350 cr last year
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.
Tractors emerged as the lone outperformer, posting a robust 10 per cent Y-o-Y rise, ahead of Nomura's 6 per cent projection.
Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &