Escorts Kubota Tractor Sales Drop by 16.7% in March 2024

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Escorts Kubota's March 2024 report shows a 16.7% drop in total sales, with domestic and export markets both affected.

Key Highlights

March 2024: Escorts Kubota's total tractor sales dropped by 16.7%.
Domestic sales declined by 16.1%, with 8,054 units sold.
Export sales saw a sharper decline of 24.3%, with 533 units sold.
Year-to-date sales for 2024: 95,858 units, down 7.2% from 2023.
Domestic sales for the year dropped by 5.3%.
Year-to-date export sales saw a significant decline of 30.0%.

Escorts Kubota, a renowned tractor manufacturer, has recently released its sales report for March 2024. The data reveals a significant decline in both domestic and export sales compared to the same period last year.

Domestic Sales Declined by 16.1%

In March 2024, Escorts Kubota sold a total of 8,054 tractors in the domestic market, marking a noticeable decrease from 9,601 tractors sold in March 2023. This reflects a drop of 16.1% in domestic sales, indicating a challenging market scenario for the company.

Export Market Struggles

The export sector also witnessed a decline in sales for Escorts Kubota. In March 2024, the company exported 533 tractors, down from 704 tractors in March 2023, showcasing a decline of 24.3%.

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

Particulars	March 2024	March 2023	% Change
Domestic	8,054	9,601	-16.1%
Exports	533	704	-24.3%
Total	8,587	10,305	-16.7%

Year-to-Date Sales Reflect Negative Trend

Looking at the overall performance for the year so far, Escorts Kubota's sales have been on a downward trajectory. Year-to-date sales for 2024 totaled 95,858 units, a decrease from 103,290 units in 2023. Domestic tractor sales contributed significantly to this decline, with 90,239 units sold in 2024 compared to 95,266 units in 2023, reflecting a negative change of 5.3%.

Escorts Kubota Tractor Sales Report March 2024 - Year-to-Date Sales

Particulars	April - March (12M)
	2024	2023	% Change
Domestic	90,239	95,266	-5.3%
Exports	5,619	8,024	-30.0%
Total	95,858	1,03,290	-7.2%

Export Sales Decline Sharply:

The export segment also experienced a substantial decline in year-to-date sales. Escorts Kubota exported 5,619 units in 2024, down from 8,024 units in 2023, marking a significant drop of 30.0%.

Also Read: Force Motors to Stop Tractor Unit Operations From March 31: Prioritizing Core Segments

CMV 360 Says

Escorts Kubota's tractor sales report for March 2024 reflects a concerning trend with notable declines in both domestic and export markets. As the company navigates through these challenges, attention to market demands and effective strategies may be crucial in revitalizing its sales performance in the upcoming months.