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Corporate News
01-Aug-23
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Escorts Kubota records 3.9% growth in July tractors sales
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Escorts Kubota Agri Machinery Business Division in July 2023 sold 5,570 tractors, up by 3.9% as against 5,360 tractors sold in July 2022.
Domestic tractor sales in July 2023 were at 5,161 tractors up by 9.7% against 4,704 tractors sold in July 2022. Monsoon has progressed well during the last 2 month barring certain eastern pockets, but some parts of the country have received heavy rainfall, resulting in flood like situations and affecting on ground activities. With all macroeconomic factors remaining positive for the Industry, the company expects the retail demand to pick up well in the upcoming festive months starting September.
Export tractor sales in July 2023 were at 409 as against 656 tractors sold in July 2022.
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