Faridabad: Escorts Kubota Limited Agri Machinery Business Division in November 2023 sold 8,258 tractors, registering a growth of 3.7 percent as against 7,960 tractors sold in November 2022. Domestic tractor sales in November 2023 were at 7,855 tractors registering a growth of 6.7 percent as against 7,359 tractors sold in November 2022. Export tractor sales in November 2023 were at 403 as against 601 tractors sold in November 2022.
Overall festive demand has been good barring few states where demand was marginally impacted due to scanty and/or unseasonal rainfall. Keeping in view the fact that Domestic Tractor Industry has been almost at its record levels and given generally positive macroeconomic factors, we expect current momentum to continue in balance of the year too.
Construction Equipment volume grew by 21%
Escorts Kubota Limited Construction Equipment Business Division in November 2023 sold 486 machines, registering a growth of 20.9 percent as against 402 machines sold in November 2022. Current Growth momentum is expected to continue for the remaining part of the current fiscal, led by faster execution of construction projects across the nation.