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Escorts Kubota Limited Sells 10,861 Tractors in September 2023, Despite 11.2% YoY Decline

Escorts Kubota Limited Sells 10,861 Tractors in September 2023, Despite 11.2% YoY Decline

    Escorts Kubota Limited Sells 10,861 Tractors in September 2023, Despite 11.2% YoY Decline

03 Oct, 2023

Faridabad, October 3rd, 2023: Escorts Kubota Limited Agri Machinery Business Division in September 2023 sold 10,861 tractors as against 12,232 tractors sold in September 2022.

Escorts Kubota Limited Agri Machinery (Farmtrac tractor, Powertrac tractor and Digitrac tractor) Domestic tractor sales in September 2023 were at 10,114 tractors as against 11,384 tractors sold in September 2022. Postponement of the main festive season this time to Q-3 impacted sales for the month. Going forward, with improved rainfall in September, likely good kharif harvest and with overall macroeconomic factors and farmers’ sentiments remaining positive, we expect growth momentum to pick up in the festive months of October & November and possibly continue for the remaining part of the current fiscal.

Export tractor sales in September 2023 were at 747 as against 848 tractors sold in September 2022.

Sales figure are as follows: 

Particulars September Q2 (July-September) 6M (April-September)
FY24 FY23 % Change FY24 FY23 % Change FY24 FY23 % Change
Domestic  10,114 11,384 -11.2%  20,473 21,396  -4.3% 45,699 46,004 -0.7%
Export 747 848 -11.9% 1,551 2,307 -32.8% 2,907  4,496 -35.3%
Total 10,861 12,232 -11.2%  22,024 23,703 -7.1% 48,606 50,500  -3.8%

FY- Financial Year from April to March                                                    M- Month 

About Escorts Kubota Limited

“Escorts Kubota Limited (EKL) (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 Business Division, Construction Equipment Business Division & Railway Equipment Business Division. 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. EKL 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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Recently Asked Question about Escorts Kubota Limited Sells 10,861 Tractors in September 2023, Despite 11.2% YoY Decline

How many tractors did Escorts Kubota sell in September 2023?

Escorts Kubota sold 10,861 tractors in September 2023.

How many tractors did Escort Kubota export in September 2023?

Escort Kubota exports a total of 747 tractors in September 2023.

What is the tractor sales performance of Escorts Kubota in September 2023 compared to September 2022?

In September 2023, Escorts Kubota sold 10,861 tractors, which is a decrease compared to the 12,232 tractors sold in September 2022.

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