Retail demand of Tractor to pick up in Festive Season : Escorts Kubota

Faridabad: Escorts Kubota Limited Agri Machinery Business Division in July 2023 sold 5,570 tractors up by 3.9% as against 5,360 tractors sold in July 2022. Domestic tractor sales in July 2023 were at 5,161 tractors up by 9.7% against 4,704 tractors sold in July 2022. However, export tractor sales in July 2023 dropped to 409 as against 656 tractors sold in July 2022.

“Monsoon has progressed well during the last 2 month barring certain eastern pockets, but some parts of the country have received heavy rainfall, resulting in flood like situations and affecting on ground activities. With all macroeconomic factors remaining positive for our Industry, we expect the retail demand to pick up well in the upcoming festive months starting September” the company said.

Construction Equipment volume grew by 54.0 percent in July 2023

Escorts Kubota Limited Construction Equipment Business Division in July 2023 sold 465 machines, registering a growth of 54.0 percent as against 302 machines sold in July 2022. Demand for construction machinery continues to be buoyant and as the monsoon is peaking in various parts of the country, we expect the momentum to accelerate further from September onwards, led by faster execution of projects