In September, Kubota Tractor Sales Amplified By 39% Year On Year

Escorts Kubota's total tractor sales increased 38.7% year on year to 12,232 units sold in September 2022, up from 8,816 in September 2021. Escorts Kubota increased its export sales by 0.8% in September 2022, selling 848 tractors compared to 841 tractors in September 2021.

Domestic tractor sales in September 2022 totaled 11,384 tractors, a 42.7% increase from 7,975 tractors sold in September 2021. Overall macroeconomic factors and farmer sentiment remain positive, owing to an above-average monsoon and the start of the holiday season early. Tractor sales increased 100.16% year on year in September 2022, from 6,111 units sold in August 2022.

Kubota Sales Figure

Sales Of Escorts Kubota Construction Equipment

Escorts Kubota's Construction Equipment Segment sold 390 machines in September 2022, compared to 400 machines sold in September 2021, a 2.5% decrease year on year.

With the increasing flow of government investments in the development of nations, demand for construction equipment is expected to be strong. We anticipate that the construction equipment business will continue to grow in the mid-teens in the second half of this fiscal year and will play an important role in propelling the country's overall growth and development, according to the company's press release.

The company's standalone net profit fell 20.4% to Rs 147.5 crore in Q1 FY23, despite a 20.1% increase in revenue from operations to Rs 2,014.85 crore.

Also Read: Report On Domestic Tractor Sales In September 2022- 23% Sales Increase