Tractor Sales Report: Escorts Kubota April 2023 Tractor Sales Declined by 9.1 Percent

In April 2023, the number of tractors sold in the market was 7,565 units, representing a decrease from the 8,325 tractors sold in the same month of the previous year. The reason for this decline in sales can be attributed to the festive preponement, which affected the sales performance during April.

The number of tractors sold in the domestic market was 7,252, which represents a decrease from the figure of 7,676 tractors sold in the same month of the previous year, April 2022. 

The tractor manufacturer stated that the preponement of the Navratri festival season to March 2023, as compared to its occurrence in April of the previous year, along with unexpected rainfall, had an adverse effect on sales during the month.

In April, the number of units dispatched by Escorts Kubota Ltd. to its dealerships experienced a decline of 9.1% compared to the same period last year, with a total of 7,565 units.

Domestic and Exports Tractor Sales Data of April 2023

"In the upcoming quarter, we anticipate an increase in demand across different regions, as a result of favorable macroeconomic conditions such as a successful rabi harvest, better prices for crops, and sufficient levels of water reservoirs," the company said.

- BQ Prime 

Also Read:-

Tractor Sales Report: Escorts Kubota March Tractor Sales Up By 2.3%

Escorts Kubota Tractor Sales Report- 28% YoY Increase in Feb’23