Corporate News     01-Nov-23
Escorts Kubota tractor sales decline 9% in Oct'23
Escorts Kubota Agri Machinery Business Division in October 2023 sold 13,205 tractors as against 14,492 tractors sold in October 2022, recording a decline of 8.9%. The festive season this year is delayed and spread across two months; hence October sales were slightly muted compared to last year. November, however, looks positive with key festivals in the first half of the month. Going forward, all macroeconomic factors remain positive and we expect the demand momentum to continue for the remaining part of this fiscal.

Domestic tractor sales in October 2023 were lower by 8.7% at 12,642 tractors as against 13,843 tractors sold in October 2022.

Export tractor sales in October 2023 were lower by 13.3% at 563 as against 649 tractors sold in October 2022.

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