Escorts Kubota Tractor Sales Report November 2024: 8,974 Tractors Sold, 9.4% Drop

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Escorts Kubota sold 8,974 tractors in November 2024, marking a 9.4% drop, with exports declining significantly.

Key Highlights

Total sales: 8,974 tractors in November 2024, down 9.4%.
Domestic sales fell 8.1% to 8,730 units.
Exports dropped 39.5% to 244 units.
Year-to-date sales: 83,449 units, a slight 0.1% dip.
Domestic growth: 1.4% increase to 80,746 units in FY 2024.

Escorts Kubota Limited (EKL), a major player in the agri-machinery industry, announced its tractor sales for November 2024. The company reported total sales of 8,974 units, marking a 9.4% decline compared to 9,906 units sold in November last year.

Also Read: Escorts Kubota October 2024 Sales Report: 18,110 Units, 19.8% Growth

Domestic Sales Performance

In November 2024, Escorts Kubota sold 8,730 tractors in the domestic market, a decrease of 8.1% compared to 9,503 units in November 2023. The company stated that this decline was due to major festive days being celebrated in October this year, which impacted November’s numbers.

However, there’s a silver lining. Domestic sales for the September-November quarter grew by 9%, with 38,554 tractors sold compared to 35,387 in the same period last year.

Export Sales Drop Significantly

Exports saw a sharp decline, with only 244 tractors shipped in November 2024. This is a 39.5% drop from the 403 units exported in the same month last year.

November Sales Data

Here’s a breakdown of November 2024 sales:

Category	November 2024	November 2023	% Change
Domestic	8,730	9,503	-8.1%
Export	244	403	-39.5%
Total	8,974	9,906	-9.4%

Year-to-Date Sales (April–November)

For the first eight months of FY 2024, Escorts Kubota recorded total sales of 83,449 units, a slight dip of 0.1% compared to 83,513 units during the same period last year.

Domestic Sales: 80,746 units were sold, a 1.4% increase from 79,640 units in FY 2023.
Export Sales: Exports dropped significantly by 30.2%, with only 2,703 units sold compared to 3,873 in the previous year.

Year-to-Date Sales Data

Category	April–November 2024	April–November 2023	% Change
Domestic	80,746	79,640	+1.4%
Export	2,703	3,873	-30.2%
Total	83,449	83,513	-0.1%

Also Read: Massey Ferguson 254 DI Dynasmart CNG Tractor Launched in India

CMV360 Says

While November’s sales showed a decline, Escorts Kubota’s domestic performance over the past three months and year-to-date figures offer positive signs. The export market, however, continues to face challenges. The company may focus on domestic demand to sustain growth in the coming months.

Stay tuned for more updates on tractor sales and industry news.