Biznextindia : Escorts Kubota Limited Agri Machinery business in March 2023 sold 10,305 tractors, registering a growth of 2.3 percent as against 10,074 tractors sold in March 2022. Domestic tractor sales in March 2023 were at 9,601 tractors registering a growth of 1.2 percent as against 9,483 tractors sold in March 2022. Export tractor sales in March 2023 was at 704 tractors registering a growth of 19.1 percent as against 591 tractors sold in March 2022
“Despite the festive season in March, retail sales were impacted due to unseasonal rainfall and crop damage in certain regions. However, with continued support from the government, better crop prices, improved finance availability and good water reservoir levels, we expect similar demand momentum to continue across geographies in the coming quarter” the company said.
Meanwhile, the company’s Construction Equipment Business in March 2023 sold 606 machines, registering a growth of 15.4 percent as against 525 machines sold in March 2022. For the quarter and year ended March 2023 Sales were up by 18.8% and 12.2% respectively and the growth mainly caught momentum towards second half of this fiscal year across all segments-material handling, earth moving as well as road segment. The current market sentiments are positive, and demand is expected to remain buoyant going into next fiscal year, owing to infrastructure projects in pipeline and Govt focus on faster execution