Escorts Kubota logs 7.3% yoy rise in tractor sales to 6,111 units in August 2021

1 Sep 2022 , 11:43 AM

Escorts Kubota Limited Agri Machinery Segment in August 2022 sold 6,111 tractors registering a growth of 7.3% as against 5,693 tractors sold in August 2021.

Domestic tractor sales in August 2022 stood at 5,308 tractors registering a growth of 7.9 percent as against 4,920 tractors sold in August 2021. 

During the August month, some regions of the country have received heavy rainfall affecting ground activations and general movement. Some parts are still rain deficient and it remains to be seen how monsoon behaves in September month.

Further, as festivals start early this year, “we should see a better September and most likely a stretched peak selling season of three months. Overall macroeconomic factors and farmer sentiment remain affirmative”, the company said on Thursday.

Export tractor sales in August 2022 stood at 803 tractors registering a growth of 3.9 percent as compared to 773 tractors sold in August 2021.

At around 11:46 AM, Escorts Kubota Ltd is currently trading at Rs2,008.10 per share up by Rs13.55 or 0.68% from its previous closing of Rs1,994.55 per share on the BSE.

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