Escorts Kubota Nov Tractor Volume Grows 11.9%

Escorts Kubota Ltd ESCORTS:

• ESCORTS KUBOTA LIMITED TRACTOR VOLUME GREW BY 11.9 PERCENT IN NOVEMBER 2022

• DOMESTIC TRACTOR SALES IN NOVEMBER 2022 WERE AT 7,359 TRACTORS REGISTERING A GROWTH OF 13.4 PERCENT

• POST FESTIVE SEASON, DEMAND CONTINUES TO BE NORMAL

• RURAL SENTIMENTS CONTINUE TO REMAIN FAVORABLE

• SOFTENING IN COMMODITY PRICES IS NOT HAPPENING AT DESIRED PACE LEAVING INPUT COSTS TO BE HIGHER THAN ANTICIPATED

• EXPORT TRACTOR SALES IN NOVEMBER 2022 WAS AT 601 TRACTORS AS AGAINST 624 TRACTORS SOLD IN NOVEMBER 2021