Escorts Kubota Limited sold 5,570 tractors in July 2023, Increased by 3.9%.

Escorts Kubota Limited Agri Machinery business sold a total of 5,570 tractor units in July 2023, compared to 5,360 tractor units sold in July 2022.

Escorts Kubota, a leading tractor manufacturer in India, has reported a notable increase in tractor sales during the month of July 2023. According to the latest sales report, the company's tractor sales witnessed a significant rise of 3.9% compared to the same period last year.

Escorts Kubota Limited Agri Machinery business sold a total of 5,570 tractor units in July 2023, compared to 5,360 tractor units sold in July 2022. There is an increase of 3.9% in YOY sales.

Escorts Kubota Domestic tractor Sales

Domestic tractor sales in July 2023 were 5,161 tractors, up from 4,704 in July 2022. The company's domestic tractor sales increased by 9.7% in July 2023.

Escorts Kubota Export Tractor Sales

In July 2023, Escorts Kubota exported 409 tractors, compared to 656 tractors in July 2022. In the export market, the company's tractor sales were down by 37.7% in July 2023.

Escorts Kubota Tractor April – July Sales

Escorts Kubota Tractor’s year-to-date total sales in FY24 were 32,152 units, compared to 32,157 units in FY23. Escorts Kubota Domestic Tractor Sales were 30,387 units in FY24 as compared to 29,312 units in FY23. This shows an increase in sales by 3.7%.

Escorts Kubota year-to-date exports Tractor Sales were 1,765 units in FY24 as compared to 2,845 units in FY23. This shows a decline in sales by 38.0%.

Also Read: Escorts Kubota Limited sold 9,850 tractors in June 2023, a decline of 2% in YOY sales.

Monsoon progressed smoothly over the last two months, with the exception of certain eastern pockets, however, other sections of the country have experienced high rainfall, resulting in flood-like conditions and disrupting on-ground activities. With all macroeconomic fundamentals staying favourable for the agriculture industry, the brand anticipates strong retail demand in the forthcoming holiday season beginning in September.

Escorts Kubota Ltd was formed under the brand name Escorts Ltd and grew as an Indian agricultural machinery manufacturing, material handling, and railway equipment manufacturing company. This tractor brand was founded in 1944 in Faridabad, Haryana, India.

Escorts tractor's price in India begins from Rs 2.55 Lakh to Rs 5.55 Lakh. Escorts have introduced over 4 tractor models from the 15 horsepower to 35 horsepower category. This tractor brand in India has launched mini tractors to heavy-duty tractor models for buyers.