Escorts Kubota Limited registers monthly sales of 9,850 tractors in June 2023, Down 2% YOY

01 Jul, 2023

Faridabad, July 1st, 2023: Escorts Kubota Limited Agri Machinery Business Division in June 2023 sold 9,850 tractors as against 10,051 tractors sold in June 2022.

Escorts Kubota Limited Agri Machinery (Farmtrac tractor, Powertrac tractor and Digitrac tractor) Domestic tractor sales in June 2023 were at 9,270 tractors against 9,265 tractors sold in June 2022. Overall sentiments were mixed as markets with good rainfall and crop prices showed good momentum, and markets with a delayed monsoon had a slightly dampened demand. Going forward, with a further advancement of monsoon across the country coupled with adequate reservoir levels, better liquidity and consumer credit availability, we expect the demand momentum to improve in coming months.

Export tractor sales in June 2023 were at 580 as against 786 tractors sold in June 2022.

Sales figure are as follows:

FY- Financial Year from April to March                                                    M- Month 

About Escorts Kubota Limited:

“Escorts Kubota Limited (formerly Escorts Limited) is one of India's leading engineering conglomerate with over seven decades of experience in manufacturing excellence. Aligned to its purpose led existence of Spreading Prosperity & Impacting Lives, it has helped accelerate India’s socio economic development through its presence across the high growth sectors of agricultural mechanization, modernization of railway technology and transformation of Indian construction. The company has diversified business across three different divisions, Agri Machinery, Construction Equipment & Railway Equipment. The company is committed to excellence in engineering, innovation in products, development of market-relevant technologies and the highest of cost efficiencies to create value for its customers and shareholders. The Group has earned the trust of over 5 million customers by way of product and process innovations and endeavors to contribute to global food security and smart infrastructure.”

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