Escorts reported strong 45.6% growth in Tractor sales volume for January

Escorts reported strong 45.6% growth in Tractor sales volume for January

Escorts reported strong tractor sales numbers for the month of January 2018. Total tractor sales for the month of January 2018, including both exports and imports, was up 45.6% yoy led by 47.1% yoy growth in the domestic business. Total tractor sales for the month stood at 5,316 vs. 3,652 for January 2017.

Domestic sales were at 5,160 units in January 2018 vs. 3,507 units in January 2017, while exports were at 156 units against 145 units over the same period.

Year-till-date (YTD), the total, domestic and exports sales volume grew 18.5%, 17.5% and 78.7% on yoy basis respectively.
 

Escorts derives revenue from the agri-machinery segment (80%), construction equipment (CE, 14%) and railway products (6%). It is one of the leading tractor manufacturers in India with capacity of 100,000 tractors/year. Its CE products include cranes, compactors and backhoe loaders. The company aims at increasing CE products contribution to 18-19% on the back on new rollouts.

The tractor cycle is expected to remain favorable in India in the coming two years on account of improving farm sentiment. This is because of back-to-back years of normal monsoon coupled with higher rural spends by the government. New launches and geographical penetration in the tractor segment along with higher traction in construction equipment segment (road and infra spends) is expected to drive ~15% revenue CAGR over FY17-20E. The company is witnessing improvement in CE performance and aided by restructuring initiatives, we expect PAT to grow at 43% CAGR over FY17-20E.

Top Tractor News

महिंद्रा एंड महिंद्रा स्थापित करेगी नया ट्रैक्टर ग्रीनफील्ड प्लांट 

महिंद्रा एंड महिंद्रा स्थापित करेगी नया ट्रैक्टर ग्रीनफील्ड प्लांट 

महिंद्रा एंड महिंद्रा स्थापित करेगी नया ट्रैक्टर ग्रीनफील्ड प्लांट (Mahindra & Mahindra to set up new tractor greenfield plant), 50,000 ट्रैक्टरों का होगा सकेगा निर्माण, 250-300 करोड़ रुपए आएगी लागत

Tractor Retail Sales Increased by 34.14% in March 2021

Tractor Retail Sales Increased by 34.14% in March 2021

Tractor Retail Sales Increased by 34.14% in March 2021. Retail Sales report is based on the tractor registrations in RTO Offices of India, except few states.

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor at Rs. 7.21 Lakhs

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor at Rs. 7.21 Lakhs

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor with Fully Advanced Japanese Hybrid Technology at Rs. 7.21 Lakhs

Shaktiman records Highest Sales growth in FY21 by selling 1.30+ Lakh Machines with 74% YoY Growth

Shaktiman records Highest Sales growth in FY21 by selling 1.30+ Lakh Machines with 74% YoY Growth

Shaktiman records Highest Domestic Sales growth in FY21 by selling 1.30+ Lakh Machines and became largest exporter of Farming implements from India

close Icon

Find Your Right Tractor and Implements

New Tractors

Used Tractors

Implements

Certified Dealer Buy Used Tractor