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The Escorts Kubota Tractors sales report for June 2024 reveals a 2.6% decrease in total sales. The company sold 9,593 tractors this June, down from 9,850 tractors in June 2023. On a positive note, domestic tractor sales showed an increase, reaching 9,359 units in June 2024, up from 9,270 units in June 2023. This represents a 1% growth in the domestic market.
However, the export market faced significant challenges. Export sales dropped to just 234 tractors in June 2024, compared to 580 tractors in June 2023. This represents a substantial decline of 59.7% in export sales. Overall, while domestic sales have seen some growth, the steep drop in export sales highlights the need for strategic adjustments to address market challenges.
| Particulars | June 2024 | June 2023 | %Change |
| Domestic | 9,359 | 9,270 | 1.00% |
| Exports | 234 | 580 | -59.70% |
| Total | 9,593 | 9,850 | -2.60% |
Year-to-date sales of Escorts Kubota Tractors have decreased. In June 2024, the company sold 25,720 units, down from 26,582 units in June 2023. Domestic sales were 24,759 units in 2024, a 1.9% decrease from 25,226 units in 2023. Exports also fell significantly, with only 961 units sold in 2024 compared to 1,356 units in 2023, marking a 29.1% decline.
| Particulars | April - June (3M) | ||
| 2024 | 2023 | % Change | |
| Domestic | 24,759 | 25,226 | -1.90% |
| Exports | 961 | 1,356 | -29.10% |
| Total | 25,720 | 26,582 | -3.20% |
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