Escorts’ Tractor sales plunges by 13% in July
Biznextindia : Escorts Agri-mechinery Segment (EAS) has reported 13.4% drop in its tractor sales at 4860 units in the month of July 2019, against 5610 tractors in July 2018. The drop in monthly sales is mainly due to the drop in Domestic Sales, which has dropped by 17.8%. However, the company’s exports have witnessed 179.5% growth at 355 units.
Escorts has witnessed drop in sales in the first 4 months of the current financial year also. Its domestic sales dropped by 16.3% to 24,627 units from 29,422 units during the corresponding period last year. However, the company’s exports have witnessed 88.3% growth at 1284 units during the 4 months.