Escorts Kubota Agri Machinery Segment (EAM) in June 2022 sold 10,051 tractors compared to 12,533 tractors sold in June 2021.
National tractor sales in June 2022 were 9,265 tractors compared to 11,956 tractors sold in June 2021.
Industry wholesale sales were impacted during the month of June 2022 due to high base last year. With the onset of the monsoon and record production of kharif crops, rural liquidity and farmers’ sentiments are expected to gradually improve.
Export sales of tractors in June 2022 stood at 786 tractors against 577 tractors sold in June 2021, recording a growth of 36.2%.
Powered by Capital Market – Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues. However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.
Support quality journalism and subscribe to Business Standard.