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

Escorts Kubota Limited's Agri Machinery division sold a total of 10,305 tractors, showing a 2.3 percent increase compared to the 10,074 tractors sold in March 2022.

In March 2023, Escorts Kubota Limited's Agri Machinery division sold a total of 10,305 tractors, showing a 2.3 percent increase compared to the 10,074 tractors sold in March 2022. Domestic tractor sales during the same period were at 9,601 tractors, demonstrating a growth of 1.2 percent when compared to the 9,483 tractors sold in March 2022.

In March 2023, the sales of exported tractors amounted to 704 units, indicating a growth rate of 19.1 percent compared to the 591 units sold in March 2022.

Domestic & Export Data of Escorts Kubota Tractor Sales March 2023

Particulars	March 2023	March 2022	% Change
Domestic	9,601	9,483	1.2%
Exports	704	591	19.1%
Total	10,305	10,074	2.3%

Year on Year % Change of Escorts Kubota Tractor Sales March 2023

Category	FY 23	FY22	% Change
Domestic	23,081	20,272	13.9%
Exports	1,684	1,623	3.8%
Total	24,765	21,895	13.1%

The company stated that even though it was a festive season in March, retail sales were affected because of unusual rainfall and crop damage in some areas. Nevertheless, they anticipate a consistent demand across regions in the following quarter because of ongoing support from the government, favorable crop prices, better availability of finances, and ample water storage levels.

In March 2023, the Construction Equipment Business of the company experienced a 15.4% increase in sales, having sold 606 machines, compared to 525 machines sold in March 2022. Sales for the quarter and year ended March 2023 also showed growth of 18.8% and 12.2%, respectively. This growth was largely seen in the second half of the fiscal year across all segments including material handling, earth moving, and road segment. The current market outlook is positive, and the demand is expected to remain strong in the coming fiscal year due to the presence of infrastructure projects in the pipeline and the government's focus on faster execution.

Also Read:-

FY24 - Tractor Sales Growth To Halve To 4-6 Per Cent, Operating Profit Margins To Improve

Solis Yanmar Becomes First Multinational Tractor Brand To Reveal Tractor Price On Official Website