Harish Lalchandani Appointed As Escort Kubota’s New Chief Commercial Officer

Kubota announced on December 12, 2022, Monday that Harish Lalchandani has been appointed as the Chief Commercial Officer to lead the domestic tractor business for agri machinery, effective from December 12, 2022.

As per records, Lalchandani has a strong experience of more than 2 decades across all consumer and industrial sectors. The strong expertise of Lalchandani in P&L management, strategic marketing, as well as sales and product management across industries and verticals brings a strong leadership quality, Kubota stated in a press release.

Recently, Escorts Kubota released a sales report, sharing its sales records for November 2022. The reports show Escorts Kubota tractor segment sold 7,960 tractor units in November 2022, an increase of 11.9% over the previous year's November 2021 sales of 7,116 tractors.

According to the Escorts Kubota reports, domestic sales increased by 13.4% this November, with 7,359 tractors sold compared to 6,492 tractors sold in November 2021. However, export tractor sales in November 2022 were 601 tractors, compared to 624 tractors in November 2021.

Escorts Kubota is an engineering conglomerate. The operations of the company are divided into three categories: agricultural machinery, construction equipment, and railway equipment.

Escorts Limited and Kubota Corporation strengthened their long-standing partnership in the fiscal year 2022. Kubota Corporation increased its stake in Escorts Limited and became a joint promoter with the company's existing promoter.

Despite a 12.2% increase in revenue from operations to Rs 1,883.5 crore in Q2 FY23 over Q2 FY22, the company's net profit fell by 50.4% to Rs 87.6 crore.

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