Faridabad : Escorts Kubota Limited Agri Machinery Segment has reported 7.2% growth in monthly sales at 14492 tractors in October 2022, as against 13,514 tractors in October 2021.
Domestic tractor sales in October 2022 was at 13,843 tractors registering a growth of 8.6 percent as against 12,749 tractors sold in October 2021. Export tractor sales in October 2022 was at 649 tractors as against 765 tractors sold in October 2021.
“Festive demand was good led by above normal monsoon and higher water reservoirs level. For the coming Rabi season all macro-economic factors remain favourable for the industry. However, overhang of unabsorbed commodities inflation remains a concern” the company said.
The company’s Construction Equipment Segment in October 2022 sold 384 machines as against 462 machines sold in October 2021. Going forward we expect with Growing public & private infrastructure spends and growing economy will lead to the overall surge in demand for construction equipment in India.