Escorts’ tractor sales up 33% in November

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Biznextindia: Escorts Ltd Agri Machinery Segment (EAM) on Tuesday announced that it has achieved highest ever November sales registering a growth of 33 per cent YoY against 7,642 tractors sold in November 2019.

The company’s domestic tractor sales in November grew by 30.9 percent to 9662 against 7,379 tractors in November 2019. On the other hand, the company’s export sales grew by 91.3 per cent to 503 units against 263 tractors exported in November 2019.

The company’s cumulative sales during the April-November period has grown by 7.5 per cent to 66420 units against 61796 units a year ago.

“The dealer and depot stocks continue to be low. Stock correction in the coming months would continue to push the industry upwards, supported by healthy water reservoir levels and a good harvest. The supply chain still is volatile but should improve going forward. We have taken a price increase this month to pass on the inflation in the commodity prices” the company said.

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