Biznextindia : Escorts Kubota Limited Agri Machinery Segment sold 7,960 tractors in November 2022, registering a growth of 11.9 percent as against 7,116 tractors sold in November 2021. Domestic tractor sales in November 2022 were at 7,359 tractors registering a growth of 13.4 percent as against 6,492 tractors sold in November 2021. However, export tractor sales in November 2022 slipped by 3.7 percent to 601 tractors as against 624 tractors sold in November 2021.
“Post festive season, demand continues to be normal. While rural sentiments continue to remain favorable owing to improved Rabi sowing assisted by good monsoon this year and better water level in reservoirs, softening in commodity prices is not happening at desired pace leaving input costs to be higher than anticipated” the company said in a regulatory filing.
Escorts Kubota Construction Equipment volume up 29% in November
The Construction Equipment Segment of the company sold 402 machines in November 2022, registering a growth of 28.8% as against 312 machines sold in November 2021. Post Monsoon demand has started picking up and going forward, with big tail of projects under various stages of execution, we expect demand to remain positive on Construction Equipment for balance of this fiscal year too.