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Escorts Kubota Sells 6,185 Tractors, with 7% Decline in January 2024

Escorts Kubota Sells 6,185 Tractors, with 7% Decline in January 2024

    Escorts Kubota Sells 6,185 Tractors, with 7% Decline in January 2024

01 Feb, 2024

Escorts Kubota Limited Agri Machinery Business Division released sales reports for January 2024. The report provides insights into total Escorts Kubota tractor sales in January 2024 and how its YoY sales are proceeding. Let us break down this report data for you. 

Escorts Kubota (Farmtrac tractor, Powertrac tractor and Digitrac tractor) tractor sales experienced YoY decline in January 2024

With a recorded Escorts Kubota domestic tractor sale of 5,817 units in January 2024, this manufacturer recorded the YoY decline of 6.7%. The company closed January 2023 with 6,235 tractor unit sales in domestic markets. 
 
In addition, the report also sheds light on the export tractor sales. Escorts Kubota exported a total of 368 tractors in January 2024 against the 414 units in January 2023. This way, the overall YoY drop for this market is 11.1%. 

If we talk about the total sales, including export and domestic, Escorts Kubota tractor sales in January 2024 are 6,185 against the 6,649  tractor units sold during January 2023. This demonstrates the YoY sales decline of 7%,

Have a look at this table to have more insights on Escorts Kubota January 2024 tractor sales.

Particulars Escorts Kubota Tractor Sales January   Escorts Kubota Tractor Sales  (April-January)(10M)
FY24 FY23 % Change FY24 FY23 % Change
Domestic  5,817 6,235 -6.7% 76,144 78,420 -2.9%
Export 368 414 -11.1%  4,646 6,754 -31.2%
Total 6,185 6,649 -7.0%  80,790 85,174 -5.1%

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.”

Escorts Kubota Tractors Sales in January 2024 Impact on Escorts Kubota Share Price

This decline of 7% in YoY sales of Escorts Kubota might impact the Escorts Kubota share prices in February 2024. The opening share price of Escorts Kubota in January 2024 was INR 2,996.00, reaching the mark of INR 3,018.25 by the end of January. The highest Escorts Kubota share price in January 2024 is recorded as INR 3,058.80. 

As of February 1, 2024, opening Escorts Kubota's share price was INR 3,023.95 and the closing price was INR 2,881.95.

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