Escorts Kubota Tractor Sales Surge in Domestic Market, Exports Decline in November 2023

1 Dec 2023 , 01:27 PM

Escorts Kubota Limited (EKL), formerly known as Escorts Limited, is a prominent Indian engineering conglomerate with a legacy of over seven decades in manufacturing excellence. The company operates across three diverse divisions: Agri Machinery Business Division, Construction Equipment Business Division, and Railway Equipment Business Division.

In November 2023, Escorts Kubota Limited’s Agri Machinery Business Division reported the sale of 8,258 tractors, reflecting a growth of 3.7% compared to the 7,960 tractors sold in November 2022.

Domestic tractor sales for November 2023 stood at 7,855 units, marking a growth of 6.7% compared to the 7,359 tractors sold in the same month the previous year.

The company attributed the marginal impact on demand in certain states to scanty and/or unseasonal rainfall, but overall festive demand remained robust.

Despite challenges in some regions, the Domestic Tractor Industry is at near-record levels, and Escorts Kubota Limited anticipates the positive momentum to persist throughout the remainder of the year.

Export tractor sales in November 2023 totaled 403 units, down from 601 tractors sold in November 2022.

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