Escorts Kubota September 2024 Sales Report: 12,380 Units, 2.5% Growth

Key Highlights

• Escorts Kubota sold 12,380 tractors in September 2024.
• Domestic sales grew by 5.7% to 11,985 units.
• Export sales dropped by 47.1% to 395 units.
• Total sales saw a 2.5% overall growth.
• April-September 2024 sales declined by 3.6%.

Escorts Kubota Ltd., a leading tractor manufacturer in India, has announced its tractor sales figures for September 2024. The company continues to perform well in the domestic market, despite a decline in exports.

Also Read: Kubota to Build Tractor Manufacturing Plant Near Jewar Airport: Big Boost for Western UP

Domestic Tractor Sales Boost in September 2024

Escorts Kubota sold 11,985 tractors in India during September 2024, marking a 5.7% increase compared to 11,334 units sold in September 2023. This growth is largely driven by favorable monsoon conditions, which have replenished water reservoirs and improved agricultural activity across the country.

Export Sales Face Decline

In contrast, export sales saw a significant drop. The company sold 395 tractor units in the international market, which is a 47.1% decrease compared to 747 units sold in September 2023. This decline in export sales slightly impacted the overall growth.

Overall Tractor Sales for September 2024

In total, Escorts Kubota sold 12,380 tractors in September 2024. This represents a 2.5% growth over the 12,081 tractors sold in September 2023. The company's strong performance in the domestic market has helped balance the dip in export sales.

April-September 2024 Sales Overview

For the period of April to September 2024, Escorts Kubota recorded total sales of 56,365 tractors. This reflects a 3.6% decrease compared to 58,494 units sold during the same period in 2023. While domestic sales dropped by 2.5%, export sales witnessed a steeper decline of 24.7%.

Looking Ahead to the Festive Season

Despite a slight decline in overall sales for the first half of the financial year, Escorts Kubota is optimistic about the upcoming festive season. The company aims to capitalize on the favorable conditions and boost sales further in the coming months.

With a strong presence in both domestic and international markets, Escorts Kubota continues to be a top choice for farmers, thanks to its high-performance tractors and customer trust.

Also Read: Mahindra Tractor September 2024 Sales Report: 44,256 Units, 3% Growth

CMV360 Says

Escorts Kubota achieved steady growth in domestic tractor sales in September 2024, despite a decline in exports. With a strong overall performance and optimism for the festive season, the company is well-positioned to bounce back and further strengthen its presence in the market.