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Escorts Kubota’s construction equipment segment reports 10% fall in June sales

01 Jul 2024 Evaluate

Escorts Kubota’s Construction Equipment Business Division in June 2024 has sold 440 machines as against 491 machines sold in June 2023, i.e. down by 10.4%. 

The construction activities on the ground are currently slow on account of timely and good monsoon progress in the country and also due to formation and stabilisation of Government post elections. However, with the government's likely continuing thrust on infrastructure development, the company anticipate demand to improve post monsoon season

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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