Escorts Kubota sees 20% decline in tractor sales in June

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%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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