FY20 could see double-digit growth, if we have well-distributed monsoon, says Escorts

Escorts has bucked the trend of weak auto sales in February as its tractor sales rose 12 percent last month. Bharat Madan, CFO of Escorts, spoke  to CNBC-TV18 about the company's business plans and growth prospects.

"Markets in central India like Madhya Pradesh, Rajasthan did very well in February," Madan said on Tuesday.

Talking about the company's growth, Madan said, “Harvesting season will be in April and also festive season shifted to April so March may be a slightly slower month, but we are expecting a good crop, harvesting should be good. So Q1 should be a decent growth and around 10 percent growth can be seen from the industry also.”