Escorts Kubota Limited announced a 2.5% growth in tractor sales for September 2024, with a total of 12,380 units sold compared to 12,081 units in September 2023.
Key Highlights:
- Domestic Sales: The company saw a 5.7% rise in domestic tractor sales, with 11,985 units sold in September 2024 compared to 11,334 units in September 2023. Favorable monsoon conditions have contributed to improved reservoir levels, and the company expects strong sales growth in the second half of the fiscal year.
- Export Sales: There was a decline of 47.1% in export sales, with 395 units sold in September 2024 compared to 747 units in the previous year.
Year-to-Date Performance (Apr-Sep 2024):
- Domestic Sales: Marginal increase of 0.3%, with a total of 24,768 units sold.
- Export Sales: Decrease of 20.9%, with 1,227 units exported.
- Total Sales: A slight decline of 0.9%, with 25,995 units sold compared to 26,241 units in the same period last year.
With the positive monsoon impact, Escorts Kubota anticipates continued growth in the domestic market during the upcoming months.
