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Escorts Kubota’s construction equipment segment reports 20.5% sales growth in January

01 Feb 2023 Evaluate

Escorts Kubota’s Construction Equipment Segment has sold 452 machines in January 2023, registering a growth of 20.5% as against 375 machines sold in January 2022. On the back of robust demand led by increased capital spending by Government on various infra projects including smart cities development and irrigation projects, the company expects growth momentum to continue in coming months for material handling and construction machinery. Earlier, in December 2022, the company had sold 423 machines under Construction Equipment Segment.

Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.

Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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