India's Escorts Kubota hits 3-year low after September tractor sales drop

By Reuters News

** Shares of Escorts Kubota ESCO.NS fall 3.2% to 2,628.20 rupees, hitting over three-year low

** ESCO says it sold 15,214 tractors in September 2026, down 16.7% from 18,267 tractors sold in September last year

** Company's domestic tractors sales down 16.2% to 14,911 from 17,803

** Performance is not comparable with the corresponding period last year, given the high base following the GST rate reduction, shift in the festive season to October 2026, patchy monsoon conditions and relatively lower Kharif sowing - ESCO

** Company expects festive demand, crop harvesting and

improving rural liquidity to support industry volumes

** YTD, stock down 29%

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