Faridabad : Escorts Kubota Limited Agri Machinery Business Division in April 2024 sold 7,515 tractors as against 7,565 tractors sold in April 2023. Domestic tractor sales in April 2024 were at 7,168 tractors as against 7,252 tractors sold in April 2023. Despite festive season shifting to April this year, the demand for tractors was impacted due to ongoing elections, low reservoir water levels, decreased haulage activities, and moderate rabi output. However, we expect sentiments to improve post-elections, especially with forecasts predicting a near to above-normal monsoon this year. Export tractor sales in April 2024 were at 347 registering growth of 10.9% as against 313 tractors sold in April 2023.
The company’s Construction Equipment Business Division in April 2024 sold 446 machines as against 457 machines sold in April 2023. The ongoing elections have caused a temporary slowdown in the overall industry momentum, however, we are optimistic that demand will pick up post elections.