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Honda India Power Products Ltd posts PAT of Rs 19 81 crore in Q1FY22
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Honda India Power Products Ltd Q4FY21 net profit at Rs 15 29 crore
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NEW YORK, May 27, 2021 /PRNewswire/ Growing demand for tractors, brush cutters, water pumps, and lawn mowers for agriculture and horticulture is lending impetus to the growth of the South Asia agriculture equipment market. The agriculture sector has seen significant growth in the past few years, and the same is expected over the coming years as well. The market is estimated to expand at an impressive CAGR of around 9% over the forecast period of 2021-2031.
India, Bangladesh, and ASEAN countries are major markets for agriculture equipment in the region. With a fragmented market, manufacturers are highly concentrated on their increasing sales and distribution networks across the South Asian region.
Honda India Power Products Ltd board recommends dividend of Rs 10
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Brush Cutter Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
The improvement in products through innovations is one of the major factors propelling market growth. However, factors such as seasonal and short business cycle will hamper the market growth.
What our reports offer:
What values are driving customer loyalty
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Covers market data for 2020, 2021, until 2025
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
COVID-19 is expected to have Negative and Indirect impact on Industrials industry. Even if the spread of virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity. In the short term, the market demand will show at par growth.