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Escorts July tractor sales increase 17.6% to 4,035 units

Escorts July tractor sales increase 17.6% to 4,035 units
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Escorts: Tractor sales for July 2016 up by 17.6% YoY; Sales nos in line with estimates.

Escorts Limited reported overall tractor sales of 4035 units for July 2016; up by 17.6% YoY, coming in line with our estimates of 4050 units.

The domestic volumes at 3953 units were up 17.6% YoY on account of improving rural sentiments due to the monsoon advancing across the country.

Source:- http://www.sharekhan.com/

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