Escorts Kubota Limited (EKL) has announced its tractor sales figures for December 2024. The company sold a total of 5,472 tractors during the month, reflecting a 10.8% decline compared to 6,136 units sold in December 2023.
Domestic sales experienced a drop of 12.5%, with 5,016 tractors sold in December 2024 compared to 5,731 units in December 2023. Despite this, the company anticipates increased demand in the coming months, supported by Kharif crop procurement, healthy rabi sowing, and improved reservoir water levels. On the other hand, export sales rose by 12.6%, with 456 tractors sold in December 2024, up from 405 units in the same month last year.
December 2024 Tractor Sales Data
| Category | Dec 2024 | Dec 2023 | Change (%) |
|---|---|---|---|
| Domestic | 5,016 | 5,731 | -12.5% |
| Export | 456 | 405 | 12.6% |
| Total | 5,472 | 6,136 | -10.8% |
Quarterly (Q3) Sales Performance (Oct-Dec 2024)
During Q3 FY24, Escorts Kubota reported a 6% growth in domestic sales, with 31,585 tractors sold compared to 29,784 units in Q3 FY23. However, export sales decreased significantly by 29.2%, with only 971 units sold, compared to 1,371 units in the same period last year. Overall, the company recorded a total of 32,556 tractors sold in Q3 FY24, up 4.5% from 31,155 units sold in Q3 FY23.
| Particular | FY24 | FY23 | Changes in % |
| Domestic | 31,585 | 29,784 | 6% |
| Export | 971 | 1371 | -29.2% |
| Total | 32,556 | 31,155 | 4.5% |
Year-to-Date (April to December 2024) Sales Performance
For the nine-month period from April to December 2024, Escorts Kubota sold a total of 88,921 tractors, a slight decline of 0.8% compared to 89,649 units during the same period in 2023. Domestic sales increased marginally by 0.5%, reaching 85,762 units compared to 85,371 units in FY23. However, export sales saw a sharp drop of 26.2%, with 3,159 units sold in FY24 compared to 4,278 units in FY23.
| Category | FY24 | FY23 | Change (%) |
|---|---|---|---|
| Domestic | 85,762 | 85,371 | 0.5% |
| Export | 3,159 | 4,278 | -26.2% |
| Total | 88,921 | 89,649 | -0.8% |
Escorts Kubota’s performance reflects a mixed trend, with a decline in export sales countered by marginal growth in the domestic market. The company remains optimistic about future demand, driven by favorable agricultural conditions and strong rabi sowing activity.
