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Escorts Kubota Sold 5,769 Tractors in July 2024, Achieving a 3.6% Growth


By Robin Kumar AttriUpdated On: 01-Aug-24 04:44 AM
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ByRobin Kumar AttriRobin Kumar Attri |Updated On: 01-Aug-24 04:44 AM
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Escorts Kubota's July 2024 tractor sales rose by 3.6%, with a strong performance in both domestic and export markets.
Escorts Kubota Sold 5,769 Tractors in July 2024, Achieving a 3.6% Growth
Escorts Kubota Sold 5,769 Tractors in July 2024, Achieving a 3.6% Growth

Key Highlights

  • Escorts Kubota sold 5,346 domestic units in July 2024, a 3.6% YoY growth.
  • Export sales reached 423 units in July 2024, a 3.4% YoY increase.
  • Total tractor sales for July 2024 were 5,769 units, marking a 3.6% YoY growth.
  • Year-to-date sales for FY25 were 31,489 units, a 2.1% decline from FY24.
  • Domestic year-to-date sales dropped by 0.9%.
  • Export year-to-date sales decreased by 21.6%.

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.

Escorts Kubota July 2024 Domestic Tractor Sales

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.

Escorts Kubota July 2024 Export Tractor Sales

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.

Escort Kubota July 2024 Total Tractor Sales

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.

Tractor Sales Summary for July 2024

Particulars

Escorts Kubota Tractor Sales July 2024

FY25

FY24

% Change

Domestic

5,346

5,161

3.6%

Export

423

409

3.4%

Total

5,769

5,570

3.6%

FY - Financial Year from April to March

Escorts Kubota Year-to-Date (YTD) July 2024 Tractor Sales

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.

Year-to-Date Tractor Sales Summary (April-July)

Particulars

Escorts Kubota Tractor Sales (April-July) (4M)

FY25

FY24

% Change

Domestic

30,105

30,387

-0.9%

Export

1,384

1,765

-21.6%

Total

31,489

32,152

-2.1%

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

CMV360 Says

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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