Escorts Kubota Limited (EKL) reported total tractor sales of 6,669 units in January 2025, marking a 6.7% decline compared to 7,150 units sold in January 2024. The company’s domestic sales stood at 6,058 tractors, reflecting a 10.7% drop from 6,782 units sold during the same period last year.CompanyValueChange%ChangeDespite the domestic downturn, export sales surged by 66%, with 611 tractors sold in January 2025 compared to 368 units in January 2024.
#JustIn | #EscortsKubota Auto SalesTotal Tractor Sales down 6.7% at 6,669 units Vs 7,150 units (YoY)#Budget2025 #BudgetSession2025 #Budget #budgetwithcnbctv18 #CNBCTV18LIVE pic.twitter.com/htZCsoFWmI
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The company remains optimistic about future demand, citing enhanced rabi sowing, the upcoming harvesting season, and festive demand as key factors expected to drive growth.
For the April-January period of FY25, Escorts Kubota reported total tractor sales of 95,590 units, a 1.2% decline compared to 96,799 units in the same period last fiscal.In the construction equipment segment, Escorts Kubota sold 544 machines in January 2025, slightly down from 554 units in January 2024, a 1.8% decline.The company noted that short-term disruptions due to price escalations from the BSV changeover could impact the sector. However, it remains bullish on long-term growth, citing government infrastructure spending on roads, smart cities, railways, and irrigation projects as key drivers.For the April-January period of FY25, construction equipment sales stood at 5,309 units, a 7.5% decline from 5,737 units sold in the same period last financial year.Catch live market updates with CNBC-TV18.com’s blog
