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Escorts Kubota’s agri machinery segment reports 9% fall in April tractors sales

02 May 2023 Evaluate

Escorts Kubota’s Agri Machinery business has sold 7,565 tractors in April 2023, registering a fall of 9.1% as against 8,325 tractors sold in April 2022. Domestic tractor sales in April 2023 were at 7,252 tractors registering a fall of 5.5% as against 7,676 tractors sold in April 2022. Festive preponement impacted sales in the month of April. Due to pre-ponement of key festive season this time to March 23 as against April last year, combined with unseasonal rains impacted sales for the month. 

Export tractor sales in April 2023 was at 313 tractors registering a fall of 51.8% as against 649 tractors sold in April 2022.

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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