4855 Views
Updated On:
Escorts Kubota Tractor sales for May 2024 declined by 5.4%, selling 8,232 tractors domestically and experiencing a 17.9% drop in exports.
The latest sales figures for Escorts Kubota Tractor reveal a decrease in sales for May 2024, marking a 5.4% drop compared to the same period last year. During May 2024, the company managed to sell 8,232 tractors, a reduction from 9,167 tractors sold in May 2023.
Particulars | May 2024 | May 2023 | % Change |
Domestic | 8,232 | 8,704 | -5.4% |
Escorts Kubota's sales in the domestic market saw a decline in May 2024. The company sold 8,232 tractors within the country, compared to 8,704 tractors in May 2023, indicating a 5.4% decrease in domestic sales.
Particulars | May 2024 | May 2023 | % Change |
Exports | 380 | 463 | -17.9% |
Escorts Kubota also experienced a downturn in the export market. The company exported 380 tractors in May 2024, down from 463 tractors exported in May of the previous year, marking a significant 17.9% decrease in exports.
Particulars | April-May (2M) | % Change |
Domestic | 15,400 | -3.5% |
Exports | 727 | -6.3% |
Total | 16,127 | -3.6% |
Looking at the overall performance for the year, Escorts Kubota Tractor sales have seen a decline. The total sales for 2024 stand at 16,127 units, down from 16,732 units in 2023, marking a 3.6% decrease in sales.
Also Read: Mahindra Tractor Sales Rises in May 2024: Sold 35,237 Units, a 6% YoY Growth
Escorts Kubota Tractor sales for May 2024 witnessed a notable decrease both in domestic and export markets. Despite efforts to maintain sales, the company is facing challenges in sustaining its market performance compared to the previous year.