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Escorts Kubota’s Agri Machinery Business Division reports 3.6% growth in July sales

01 Aug 2024 Evaluate

Escorts Kubota’s Agri Machinery Business Division in July 2024 sold 5,769 tractors, registering a growth of 3.6 percent as against 5,570 tractors sold in July 2023.

Domestic tractor sales in July 2024 were at 5,346 tractors, registering a growth of 3.6% as against 5,161 tractors sold in July 2023. With the monsoon progressing well, continuing Government support including an increase in Minimum Support Price (MSP) and increase in sown area of kharif crop, the company anticipates rural demand to improve during the festive months.

Export tractor sales in July 2024 were at 423 tractors registering a growth of 3.4 percent as against 409 tractors sold in July 2023.  

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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