Escorts Kubota sets new records in tractor sales
Posted by Priya Singh On 01-Oct-2022 11:47 AM
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In September 2022, the company exported 848 tractors, slightly higher compared to 841 in September 2021.
Escorts Kubota Agri Machinery Segment like Farmtrac tractor, Powertrac tractor and Digitrac tractor sold 12,232 tractors in September 2022, the company's highest ever September sales, representing a 38.7% increase over 8,816 tractors sold in September 2021.
Today, a report on escort tractor sales was published. Escorts Kubota sales increased by 42.7% year on year in their domestic tractor sales report. In September 2022, the company sold 11,384 units, up from 7,975 in September 2021. As a result, Escort Kubota Limited recorded its highest ever domestic sales this time.
In addition, the data shows that Escorts Kubota tractors increased their export by 0.8%. In September 2022, the company exported 848 tractors, slightly higher compared to 841 in September 2021.
Sales Figures
| Particulars | September | ||
|---|---|---|---|
| FY23 | FY22 | % Change | |
| Domestic | 11,384 | 7,975 | 42.7% |
| Export | 848 | 841 | 0.8% |
| Total | 12,232 | 8,816 | 38.7% |
Kubota also released the year-to-date tractor Sales Report for 2022. Escorts Kubota saw a 5.9% increase in domestic tractor sales in 2022, with 46,004 units sold to date in 2022, slightly higher compared to 43,450 units in 2021. Furthermore, the export year to date in 2022 was 4,496 units, compared to 3,558 units in the same period in 2021, representing a 26.4% increase.
Overall macroeconomic factors and farmer sentiment remain positive, owing to an above-average monsoon and the start of the festive season early. The company anticipates that the current festive season will maintain its positive momentum.
Escorts Kubota Limited (formerly Escorts Limited) is a leading engineering multinational corporation in India with over seven decades of manufacturing excellence. Escorts Kubota manufactures agricultural machinery, construction machinery, material handling equipment, and railway equipment. The company's headquarters are in Faridabad, Haryana. The company was founded in 1944 and currently has marketing operations in over 40 countries. Escorts manufactures tractors, automotive components, railway equipment, construction and material handling equipment, and other products.
