Escorts Kubota Sales Rise Marginally In May

Escorts Kubota Ltd. reported a 1% increase in May wholesale volumes to 10,354 units, driven by exports, which nearly doubled to 651 units. Domestic tractor sales declined 2% to 9,703 units.

Cumulative sales for April–May stood at 19,083 units, slightly lower than the 19,125 units sold in the same period last year.

The company expects demand to improve on the back of a timely monsoon and kharif sowing activity. However, the construction equipment segment remained weak, with sales falling 30% year-on-year to 321 units, hit by new emission norms, early monsoon, and project delays.