By BasisPoint Insight
June 5, 2025 at 8:59 AM IST
Escorts Kubota Ltd. on Wednesday announced the launch of its 'BLX 75' backhoe loader, expanding its construction equipment portfolio. The machine is aimed at strengthening the company’s presence in the domestic earthmoving segment, it said in an exchange filing.
The launch comes amid a recent slump in construction equipment volumes. Sales in May dropped nearly 30% on year to 321 units, impacted by higher prices due to new emission norms, early monsoon, and delays in infrastructure project rollouts. However, the company expects demand to pick up in the second half of 2025–26.