Faridabad: Escorts Kubota Limited Agri Machinery Business Division in December 2024 sold 5,472 tractors as against 6,136 tractors sold in December 2023, registering a drop of 10.8%. Domestic tractor sales in December 2024 were at 5,016 tractors as compared to 5,731 tractors in December 2023. Moving forward, we anticipate an increase in demand momentum driven by kharif procurement, robust rabi sowing, and enhanced water levels in reservoirs. Export tractor sales in December 2024 were at 456 tractors registering a growth of 12.6 percent as against 405 tractors sold in December 2023.
Construction Equipment volume grew by 10.2%
Escorts Kubota Limited Construction Equipment Business Division in December 2024 sold 873 machines, our highest ever monthly sales registering a growth of 10.2% as against 792 machines sold in December 2023. Construction Equipment (CE) December sales was driven by the upcoming changes in emission standards set to take effect in January 2025. Looking ahead, we anticipate a favorable market trend in the CE industry supported with expected capex push by the central government in coming months, but emission norm changes and resultant cost increase may have some impact on the demand in the short term.