As a result, overall sales of tractors for the month of August fell to 5,593 from 6,111 in August last year. Despite the latest set-back, the company’s tractor sales in India is still up 2.8% for the first five months of the current financial year, at 38,268 units. Escorts Kubota, which makes tractors under the Farmtrac, Escorts and Powertrac brands, said sales of tractors fell 2.1% in August this year compared to last year due to erratic rainfal and a delayed festive season. Despite the latest set-back, the company’s tractor sales in India is still up 2.8% for the first five months of the current financial year, at 38,268 units. “With other macro-economic factors remaining intact, if monsoon catches up in September in these regions , tractor demand may witness good pick up in the upcoming festive months,” it added.

Source: Indian Express September 01, 2023 08:06 UTC