Escorts Kubota May tractor sales up 9% on impressive domestic figures


Biznextindia: Escorts Kubota Limited Agri Machinery Business Division in May 2023 sold 9,167 tractors, our highest ever May sales, registering a growth of 8.9 percent as against 8,421 tractors sold in May 2022. Domestic tractor sales in May 2023 were at 8,704 tractors registering a growth of 13.5 percent against 7,667 tractors sold in May 2022. Export tractor sales during the month were at 463 as against 754 tractors sold in May 2022.

“Overall, the macroeconomic factors and farmer sentiments remain positive, resulting in a positive sales trend across most geographies. Going forward, we expect the current momentum to continue in the near term led by normal rainfall forecast, adequate reservoir levels, better liquidity and consumer credit availability” the company said.
Meanwhile, the company’s construction Equipment Business Division in May 2023 sold 425 machines, registering a growth of 39.3 percent as against 305 machines sold in May 2022. Growth momentum continues in May 2023 and with Government thrust across all infrastructure sectors and increased capital expenditure outlay proposed for current fiscal, we expect demand to further accelerate for construction equipment post monsoon season.

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