Escorts tractor domestic sales declined 3.4% to 7,329 units in November'19

Escorts tractor domestic sales declined 3.4% to 7,329 units in November'19

Posted On - 03 Dec 2019

Escorts Ltd Agri Machinery has registered 7,642 units of tractor sales in November 2019, down 4.5 percent compared to 8,005 units in the same month last year, the company has informed in a regulatory filing.

Domestic Tractor sales of the company tanked to 7,379 units last month, a drop of 3.4 percent compared with 7,641 units sold in November 2018.

The agricultural machinery manufacturer also informs that its export was down to 263 units in November 2019, a YoY drop of 27.7 percent from the same month in 2018 when it sold 364 units of tractors.

Cumulatively, the company sold 59,324 units of tractors in the Indian market during April-November 2019 period, down 8.7 per cent compared with the same duration in FY19.

However, the company has seen a surge in export numbers in the first 8 months of current fiscal, as it exported 2,472 units during April-November of FY20, up 47.3 per cent compared with the same period of last fiscal.

 

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