Escorts Tractor Registered Highest Ever August Sales with 80.1% Growth

Escorts Tractor Registered Highest Ever August Sales with 80.1% Growth

Escorts Agri Machinery Segment (EAM) sold 7,268 tractors, its highest-ever August sales. It had sold 4,035 tractors in August 2019. On a month-on-month (MoM) basis, the volume was up 36.6 %, Escorts said in a statement.

The market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well and good supply of retail finance, it said.

The management remains optimistic for the coming festive months. The supply-side situation improved significantly as compared to last month.

Escorts reported 79.4% YoY growth in domestic tractor sales in August 2020 at 6,750 tractors against 3,763 tractors in August 2019. The export tractor sales in August 2020 were up 90.4% YoY at 518 tractors against 272 tractors sold in August 2019.

Sales figure are as follows:

Particular
August
YTD (Apr-Aug)
FY21
FY20
% Change
FY21
FY20
%Change
Domestic
6,750
3,763
79.4%
29,393
28,390
3.5%
Export
518
272
90.4%
1,347
1,556
-13.4%
Total
7,268
4,035
80.1%
30,740
29,946
2.7%

 

“We are currently operating close to peak capacity now. In August 2020 we could build some inventory both at dealer and depots, which since last few months was at very low levels,” the company said.
 

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