Tractor Sales Surge: Escorts Kubota Achieves Record Growth

Escorts Kubota Ltd, a farm and construction equipment firm, reported a 19.8% increase in tractor sales for October. Domestic sales saw a 22.6% rise with 17,839 units sold, while exports dropped to 271 units. The growth highlights a booming domestic market, despite challenges in exports.

In a significant uptick, Escorts Kubota Ltd reported a 19.8% increase in tractor sales this October, selling 18,110 units compared to 15,113 units last year.

Domestic sales displayed robust growth, surging by 22.6% to 17,839 units, a stark contrast from the 14,550 units sold in October 2023.

However, tractor exports faced a decline, dropping to 271 units from the previous year's 563. This indicates a thriving domestic market, countering export challenges.

(With inputs from agencies.)