Escorts Kubota domestic tractor sales up 27% at 7,245 units in February
Company's total sales (domestic+exports) also rose by 27.8 percent at 7,811 units last month as compared to 6,114 units in February 2022.
Tractor and construction machinery major Escorts Kubota on Wednesday reported a growth of 27.4 percent at 7,245 units in its domestic sales in February. The had posted domestic sales of 5,686 units in the same month a year ago, as per a company release.
Faridabad-based company's total sales (domestic+exports) also rose by 27.8 percent at 7,811 units last month as compared to 6,114 units in February 2022.
According to Escorts Kubota retail demand across geographies remained strong during the month under review. "Overall positive sentiment, with record rabi sowing, better crop prices, good level of water reservoirs, increased Union budget allocations to rural and Agri sector, we expect demand momentum to remain strong across geographies," the company said.
Export tractor sales in February 2023 stood at 566 tractors registering a growth of 32.2 percent as against 428 tractors sold in February 2022.
In the construction equipment segment, the company sold 470 machines last month, up 21.8 percent as against 386 machines sold in February 2022.
"With the current pace of ongoing infrastructure projects and proposed investment outlay on various projects including smart cites, we expect growth momentum to continue in Construction Equipment space," the company said.
RELATED ARTICLES
Nissan reveals all-new 2025 Kicks SUV
The new Kicks' design approach emphasises a combination of style, functionality, and urban appeal to appeal to a wide ra...
Schaeffler India approves re-appointment of Harsha Kadam as MD and CEO
Kadam has over three decades of experience in propelling businesses, with expertise spanning domains including sales, ma...
Dr. Lavanya Wadgaonkar appointed Corporate VP, Chief Communications Officer at Nissan, effective 1 April, 2024
She will report to Makoto Uchida.