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Escorts Kubota's June 2024 tractor sales dropped by 2.6%, with domestic sales up 1% but exports down 59.7%.
In June 2024, Escorts Kubota sold 9,359 tractors in India, showing a 1% increase from 9,270 units sold in June 2023. This slight growth indicates steady demand in the domestic market.
However, the company's export sales saw a significant decline. In June 2024, Escorts Kubota exported only 234 tractors, compared to 580 units in June 2023, marking a 59.7% drop. This decrease affected the overall sales performance.
Combining both domestic and export sales, Escorts Kubota sold a total of 9,593 tractors in June 2024, down from 9,850 units in June 2023. This represents a 2.6% year-on-year (YoY) decrease.
Looking at the first quarter of FY25 (April to June 2024), Escorts Kubota's total sales were 25,720 units, compared to 26,582 units in the same period of the previous fiscal year, resulting in a 3.2% YoY decline.
Particulars | June 2024 | June 2023 | %Change | Q1 FY25 (April-June 2024) | Q1 FY24 (April-June 2023) | %Change |
Domestic | 9,359 | 9,270 | +1.0% | 24,759 | 25,226 | -1.9% |
Export | 234 | 580 | -59.7% | 961 | 1,356 | -29.1% |
Total | 9,593 | 9,850 | -2.6% | 25,720 | 26,582 | -3.2% |
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Escorts Kubota's tractor sales faced challenges in June 2024, with a 2.6% overall decrease. While domestic sales saw a slight improvement, the significant drop in export sales impacted the total performance. The first quarter of FY25 also showed a decline in both domestic and export sales, reflecting broader challenges for the company.