- RM cost has gone up. In last con-call, management guided that it will remain high until Q4 atleast. They have forward contract rates with RM suppliers till Q4, so even if cost drops for industry, it will not benefit BKT till Q4 when they will be able to revise the rates.
- Europe is going through their biggest drought in last 500 yrs. This has direct impact on farming and therefor on tractor sales. This is expected to impact BKT – new as well as replacement demand.
Market seems to be reacting to this pressure on both demand and supply side.
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