site logo
Search Location Location

Ad

Ad

Ad

Escorts Kubota Tractor Sales Dip by 1.2% in April 2024


By Robin Kumar AttriUpdated On: 01-May-24 05:30 AM
noOfViews9,875 Views

Follow Us:follow-image
Shareshare-icon

ByRobin Kumar AttriRobin Kumar Attri |Updated On: 01-May-24 05:30 AM
Share via:

Follow Us:follow-image
noOfViews9,875 Views

April 2024: Escorts Kubota's domestic sales dip by 1.2%, while export sales surge by 10.9%. Total sales decline 0.7%.
Escorts Kubota Tractor Sales Dip by 1.2% in April 2024
Escorts Kubota Tractor Sales Dip by 1.2% in April 2024

Key Highlights

  • Escorts Kubota's total tractor sales for April 2024 dropped by 0.7% compared to April 2023.
  • Domestic tractor sales experienced a decline of 1.2%, with 7,168 units sold in April 2024.
  • Export tractor sales surged by 10.9%, reaching 347 units in April 2024.
  • The company's performance in the export market suggests potential for growth and market diversification.

In the latest update on tractor sales from Escorts Kubota, the company faced a slight downturn in April 2024. Despite selling a total of 7,515 tractors, which is a respectable figure, there was a marginal drop of 0.7% compared to the same period last year. However, the most notable aspect of this report is the drop in domestic sales, contrasted by a significant rise in export sales.

Also Read: Escorts Kubota Announces a Raise in Tractor Prices From May 1, 2024

Domestic Sales Drop

The domestic tractor sales for Escorts Kubota in April 2024 were 7,168 units, down from 7,252 units in April 2023. This translates to a decline of 1.2% in sales within the country. Factors contributing to this drop could include market saturation, economic conditions, or changes in consumer preferences. Escorts Kubota may need to explore strategies to restore domestic sales amidst these challenges.

Export Sales Rise

In contrast to the domestic market, the export sales for Escorts Kubota showed a promising trend. In April 2024, the company exported 347 tractors, marking a significant increase from the 313 tractors exported in April 2023. This represents a notable growth of 10.9% in the export market. The rise in export sales could be attributed to various factors such as favorable exchange rates, expanding international markets, or effective marketing strategies. Escorts Kubota's success in the export market indicates a potential avenue for growth and resilience against domestic fluctuations.

Escorts Kubota Tractor Sales Report April 2024 - Domestic & Export Data

Particulars

April 2024

April 2023

% Change

Domestic

7,168

7,252

-1.2%

Exports

347

313

10.9%

Total

7,515

7,565

-0.7%

While Escorts Kubota faced a minor setback in domestic sales, their strong performance in the export market provides a glimmer of hope. To sustain growth, the company may need to further explore strategies to support domestic sales while capitalizing on the opportunities presented by the international market.

Also Read: Rise in Tractor Tyre Prices from May 1

CMV360 Says

Despite a 1.2% dip in domestic tractor sales for Escorts Kubota in April 2024, totaling 7,168 units, export sales rose by 10.9%, with 347 units exported. Overall, the company's total sales experienced a slight 0.7% drop compared to April 2023, selling 7,515 tractors.

News


Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Explore Swaraj Tractors' innovative range at Krishithon Expo, featuring advanced models designed to enhance farming productivity and efficiency....

21-Nov-24 10:25 AM

Read Full News
TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO clash over Massey Ferguson brand rights, with Madras High Court ordering status quo amid ongoing legal battles....

20-Nov-24 05:35 AM

Read Full News
VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers unveils a 30HP tractor with Stage-V emission standards, combining eco-friendly technology, efficiency, and global market expansion....

19-Nov-24 05:32 AM

Read Full News
Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

The government offers loans with up to 7% interest subsidy for farmers, easing access to affordable funds for agricultural and other needs....

12-Nov-24 06:14 AM

Read Full News
Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic tractor sales grew by 22.37% in October 2024, with 1,44,675 units sold. M&M Group led the market growth....

11-Nov-24 10:03 AM

Read Full News
Mahindra Farm Equipment Raises Growth Outlook for FY25, Aiming for 16% Tractor Market Growth in H2

Mahindra Farm Equipment Raises Growth Outlook for FY25, Aiming for 16% Tractor Market Growth in H2

Mahindra Farm Equipment raises its FY25 growth forecast, targeting 16% tractor market growth, with a focus on alternative fuels....

11-Nov-24 07:29 AM

Read Full News

Ad

Ad

As featured on:

entracker
entrepreneur_insights
e4m
web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.