Escorts Kubota's tractor volume grew by 38.7% in September 2022, MoM Volume up by 100.2%

Escorts Kubota Limited Agri Machinery Segment in September 2022 sold 12,232 tractors, our highest ever September sales, registering a growth of 38.7% as against 8,816 tractors sold in September 2021.

Domestic tractor sales in September 2022 was at 11,384 tractors registering a growth of 42.7 percent as against 7,975 tractors sold in September 2021. Overall macroeconomic factors and farmer sentiments remain positive led by "above normal" monsoon and onset of an early festive season. We expect good momentum to continue in current festive season.

Export tractor sales in September 2022 was at 848 tractors registering a growth of 0.8 percent as against 841 tractors sold in September 2021.

Source : Equity Bulls

Keywords

EscortsKubota AgriMachinerySegment Tractors SalesVolume September2022