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Escorts Kubota Agri Machinery business in April 2023 sold 7,565 tractors
as against 8,325 tractors sold in April 2022, recording a decline of 9.1%.
Domestic tractor sales in April 2023 were at 7,252 tractors as against 7,676 tractors sold in April 2022, lower by 5.5%.
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.
Going forward, due to positive macro-economic factors on account of good rabi harvest, improved crop prices and adequate water reservoir levels, the company expect demand momentum to improve across geographies, for the quarter.
Export tractor sales in April 2023 were at 313 as against 649 tractors sold in April 2022, recording a decline of 51.8%.
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