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Escorts Kubota, a leading tractor manufacturer in India, has announced its tractor sales figures for July 2024. The company's performance in both domestic and export markets is detailed below.
In the domestic market, Escorts Kubota sold 5,346 units in July 2024. This marks a 3.6% year-over-year (YoY) growth compared to 5,161 units sold in July 2023.
For the export market, Escorts Kubota sold 423 units in July 2024. This is a 3.4% YoY increase from the 409 units exported in July 2023.
The total tractor sales for Escorts Kubota, including both Farmtrac and Powertrac tractors, stood at 5,769 units in July 2024. This represents a 3.6% YoY growth compared to the 5,570 units sold in July 2023.
FY - Financial Year from April to March
For the year-to-date (YTD) period ending in July 2024, Escorts Kubota's total sales were 31,489 units. This is a 2.1% decrease from the 32,152 units sold by July 2023.
Overall, Escorts Kubota showed positive growth in its monthly sales for July 2024, despite a slight decline in the year-to-date figures. The company's strong performance in both domestic and export markets highlights its resilience and commitment to quality.
Also Read: CNH Industrial Restructures Leadership for Enhanced Growth
Escorts Kubota's tractor sales performance in July 2024 highlights the company's consistent growth and market resilience. With a 3.6% increase in domestic sales and a 3.4% rise in exports compared to the previous year, the company continues to strengthen its presence both in India and abroad. Despite a slight 2.1% drop in year-to-date sales, Escorts Kubota's overall performance remains robust. The company's commitment to quality and innovation is evident in its steady market gains, positioning it well for future growth and success.
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