Faridabad: Escorts Kubota Limited Agri Machinery Business Division in February 2024 sold 6,481 tractors as against 7,811 tractors sold in February 2023. Domestic tractor sales in February 2024 were at 6,041 tractors as against 7,245 tractors sold in February 2023. Export tractor sales in February 2024 were at 440 as against 566 tractors sold in February 2023.
Tractor sales dipped this month due to the continuing impact of uneven monsoon coupled with insufficient rainfall and diminished reservoir levels which impacted the Kharif output. Anticipated improvements in the Rabi harvest and early signs of a normal monsoon next year are projected to enhance overall sentiments and drive an uptick in tractor sales in the next fiscal year.
Construction Equipment sales up 30%
Escorts Kubota Limited Construction Equipment Business Division in February 2024 sold 611 machines registering a growth of 30.0 percent as against 470 machines sold in February 2023. With continued focus of Government on infrastructure development and continued budgetary support will ensure the growth momentum in the Construction Equipment industry is sustained.