Escorts Kubota � Agri Machinery Business Division, shall be increasing the prices of its tractors effective 1 May 2024 onwards. The increase in prices would vary across models/variants and geographies. Powered by Capital Market - Live News

Escorts Kubota will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News

Escorts Kubota Construction Equipment Business Division in March 2024 sold 662 machines registering a growth of 9.2 percent as against 606 machines sold in March 2023. The ongoing Government focus on improving infrastructure has laid a strong foundation for sustained growth in the industry. Going forward, we expect the similar demand momentum to continue in FY25 too. The company sold 1,798 machines in Q4 (recording YoY growth of 177%) and 6,548 machines in FY 2024 (recording YoY growth of 41.7%). Powered by Capital Market - Live News

Escorts Kubota Agri Machinery Business Division in March 2024 sold 8,587 tractors as against 10,305 tractors sold in March 2023, de-growth of 16.7%. Domestic tractor sales in March 2024 were at 8,054 tractors as against 9,601 tractors sold in March 2023. The shift in Chaitra Navratri festival to April this year and last season`s erratic monsoon patterns and resultant low water reservoir levels have affected agricultural sentiments in central and southern regions resulting in delayed harvesting of rabi crops. Looking ahead, as early signs point to an above-average monsoon in FY25, the company anticipate that demand will stabilize post elections.Export tractor sales in March 2024 were at 533 as against 704 tractors sold in March 2023. Powered by Capital Market - Live News

Escorts Kubota Limited Agri Machinery Business Division in February 2024 sold 6,481 tractors as against 7,811 tractors sold in February 2023, recording a decline of 17%. Domestic tractor sales in February 2024 declined 16.6% to 6,041 tractors as against 7,245 tractors sold in February 2023. Tractor sales dipped this month due to the continuing impact of uneven monsoon coupled with insufficient rainfall and diminished reservoir levels which impacted the Kharif output. Anticipated improvements in the Rabi harvest and early signs of a normal monsoon next year are projected to enhance overall sentiments and drive an uptick in tractor sales in the next fiscal year. Export tractor sales in February 2024 were lower by 22.3% at 440 as against 566 tractors sold in February 2023. Powered by Capital Market - Live News