Escorts Kubota Tractor Sales Report December 2024: 5,016 Tractors Sold with 12.5% Decline

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Escorts Kubota reports a 12.5% drop in December 2024 domestic tractor sales, but exports grew by 12.6%.

Key Highlights

December 2024 total sales: 5,472 units (-10.8%).
Domestic sales dropped 12.5% to 5,016 units.
Export sales grew 12.6% to 456 units.
Q3 FY24 total sales rose 4.5% to 32,556 units.
April-December FY24 sales fell 0.8% to 88,921 units.

Escorts Kubota Limited (EKL) has announced its tractor sales for December 2024, showing a decline in domestic sales. The company sold a total of 5,472 tractors in December 2024, compared to 6,136 tractors sold during the same month last year, reflecting an overall drop of 10.8%.

Also Read: Escorts Kubota Tractor Sales Report November 2024: 8,974 Tractors Sold, 9.4% Drop

Domestic vs. Export Sales Performance

Domestic tractor sales saw a 12.5% decrease, with only 5,016 units sold compared to 5,731 units in December 2023. Meanwhile, export sales grew by 12.6%, with 456 tractors sold compared to 405 units last year.

The company remains optimistic about domestic sales, citing factors such as strong rabi sowing, better water reservoir levels, and procurement from the kharif harvest, which may boost demand in the coming months.

December 2024 Sales Summary

Particulars	December 2024	December 2023	% Change
Domestic	5,016	5,731	-12.5%
Export	456	405	+12.6%
Total	5,472	6,136	-10.8%

Q3 Tractor Sales (October-December 2024)

For the third quarter (Q3) of FY24, Escorts Kubota's domestic sales rose by 6%, with 31,585 units sold compared to 29,784 units during the same quarter last year. However, export sales dropped by a significant 29.2%, with only 971 units sold compared to 1,371 units in Q3 FY23.

Overall, the company sold 32,556 units in Q3 FY24, marking a 4.5% growth compared to 31,155 units sold in Q3 FY23.

Q3 FY24 Sales Data

Particulars	FY24	FY23	% Change
Domestic	31,585	29,784	+6%
Export	971	1,371	-29.2%
Total	32,556	31,155	+4.5%

Year-to-Date (April-December 2024) Sales Performance

During the nine months of FY24 (April to December), Escorts Kubota sold a total of 88,921 units, a slight decline of 0.8% compared to 89,649 units sold in FY23.

Domestic sales showed a modest growth of 0.5%, with 85,762 units sold compared to 85,371 units last year.
Exports dropped significantly by 26.2%, with 3,159 units sold in FY24 compared to 4,278 units in FY23.

April-December YoY Sales Data

Particulars	FY24	FY23	% Change
Domestic	85,762	85,371	+0.5%
Export	3,159	4,278	-26.2%
Total	88,921	89,649	-0.8%

Also Read: Mahindra Tractor Sales Rise in December 2024, Showing 22% Growth

CMV360 Says

Escorts Kubota’s December 2024 tractor sales highlight challenges in domestic markets, with a 12.5% drop, while exports grew by 12.6%. Despite a slight yearly rise in domestic sales, export declines remain a concern. The company remains optimistic about future growth, supported by favorable agricultural conditions and strong rabi sowing.