Escorts Kubota Tractor Sales Down 16.7% in Sep 2026
Escorts Kubota Limited reported a 16.7% year-on-year decline in total tractor sales for September 2026, selling 15,214 units compared to 18,267 units in September 2025. Domestic tractor sales fell by 16.2% to 14,911 units, while export sales decreased by 34.7% to 303 units. The company attributed the decline to a high base from GST rate reduction in the previous year, a shift in the festive season, patchy monsoon, and lower Kharif sowing. Despite these challenges, the Construction Equipment Business recorded a significant 92.5% growth, selling a record 795 machines in September 2026, driven by government infrastructure spending and sustained project execution. The company anticipates festive demand and improving rural liquidity to support future volumes, though the high base effect may moderate near-term growth.
Key Highlights
- Tractor sales declined 16.7% YoY to 15,214 units in September 2026.
- Domestic tractor sales dropped 16.2% YoY due to high base and seasonal factors.
- Construction Equipment sales surged 92.5% YoY to a record 795 machines.
- Company expects festive demand to boost future tractor volumes.
- Infrastructure investments are driving growth in construction equipment.
Price Impact
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