Escorts Kubota Limited tractor volume grew by 3.6% in July

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Faridabad : Escorts Kubota Limited Agri Machinery Business Division in July 2024 sold 5,769 tractors, registering a growth of 3.6 percent as against 5,570 tractors sold in July 2023. Domestic tractor sales in July 2024 were at 5,346 tractors, registering a growth of 3.6% as against 5,161 tractors sold in July 2023. With the monsoon progressing well, continuing Government support including an increase in Minimum Support Price (MSP) and increase in sown area of kharif crop, we anticipate rural demand to improve during the festive months. Export tractor sales in July 2024 were at 423 tractors registering a growth of 3.4 percent as against 409 tractors sold in July 2023.

Escorts Kubota Construction Equipment sold 450 machines in July

The company’s Construction Equipment Business Division in July 2024 sold 450 machines as against 465 machines sold in July 2023. Due to a good monsoon season that is likely to end with an above average rainfall, construction activities on the ground are currently progressing slowly. However, with increasing government investments the construction equipment sector is anticipated to do well. We expect growth momentum to improve in the construction equipment industry in the later part of the year, post monsoon.

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