Escorts Kubota Limited — Important, 01-05-2025: Monthly Business Updates

Escorts Kubota sold 8,729 tractors in April, down 1.2% YoY, with domestic sales declining 4.1% to 8,148 units due to festive demand shift. Exports jumped 67.4% to 581 units on strong overseas demand. Construction equipment sales fell 14% to 400 units amid cost pressures but are expected to recover in H2 as prices stabilize and infrastructure spending picks up. Management anticipates improved demand driven by a good rabi harvest and higher crop prices.