Escorts Kubota Tractor Sales Drop by 2.6% in June 2024

Key Highlights

• Overall sales were down 2.6% YoY to 9,593 units.
• Domestic sales increased by 1% to 9,359 units.
• Export sales decreased by 59.7% to 234 units.
• Q1 FY25 total sales down 3.2% to 25,720 units.
• Q1 FY25 domestic sales decreased by 1.9% to 24,759 units.
• Q1 FY25 export sales decreased by 29.1% to 961 units.

In June 2024, Escorts Kubota sold 9,359 tractors in India, showing a 1% increase from 9,270 units sold in June 2023. This slight growth indicates steady demand in the domestic market.

Significant Decrease in Export Sales

However, the company's export sales saw a significant decline. In June 2024, Escorts Kubota exported only 234 tractors, compared to 580 units in June 2023, marking a 59.7% drop. This decrease affected the overall sales performance.

Overall Sales Down by 2.6%

Combining both domestic and export sales, Escorts Kubota sold a total of 9,593 tractors in June 2024, down from 9,850 units in June 2023. This represents a 2.6% year-on-year (YoY) decrease.

First Quarter FY25 Performance

Looking at the first quarter of FY25 (April to June 2024), Escorts Kubota's total sales were 25,720 units, compared to 26,582 units in the same period of the previous fiscal year, resulting in a 3.2% YoY decline.

Sales Breakdown for First Quarter FY25

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CMV360 Says

Escorts Kubota's tractor sales faced challenges in June 2024, with a 2.6% overall decrease. While domestic sales saw a slight improvement, the significant drop in export sales impacted the total performance. The first quarter of FY25 also showed a decline in both domestic and export sales, reflecting broader challenges for the company.