Haryana - Escorts Kubota Limited (EKL)., an agricultural and construction equipment manufacturer, reported a strong 15% growth in tractor sales for March 2025, reaching 11,374 units, up from 9,888 units in the March 2024. This growth highlights the rising momentum in India's agricultural machinery sector, which has been experiencing a steady revival throughout fiscal year 2024-25.
Domestic tractor sales surged by 15.2% in March 2025, reaching 10,775 units compared to 9,355 units in March 2024. Export sales also saw a solid 12.4% growth, rising to 599 units from 533 units in the March 2024.
Mr. Bharat Madan, Whole Time Director and Chief Financial Officer of Escorts Kubota, said, "The start of Chaitra Navratri festival in March has led to good demand from our strong market," said Madan in the company statement. The company expects this growth momentum to continue in the coming months, driven by "the initial forecast of a normal South-West monsoon this year, along with increased Rabi sowing, good water reservoir levels, and favorable base conditions."
For the full fiscal year 2024-25, Escorts Kubota's total tractor sales raise by 1% to 115,554 units, with domestic sales up 1.6% to 110,563 units, while exports fell 11.2% to 4,991 units. The fourth quarter saw stronger growth, with sales increasing 7.6% to 26,633 units from 24,747 units in March 2024.
While Escorts Kubota saw strong growth in tractors, its Construction Equipment Division faced a 16.3% sales drop in March 2025, with 614 units sold versus 734 in March 2024. FY 2024-25 sales declined 9.2% to 6,484 units, impacted by higher costs due to emission norm changes. Despite short-term challenges, the company remains optimistic, citing government infrastructure investments as a key growth driver for FY 2026. Meanwhile, Mahindra & Mahindra strengthened its lead with a 42.5% market share in Q2 FY 2024-25, while TAFE and Sonalika maintained stable positions across regions.
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