Escorts Agri Machinery achieves its highest-ever January sales of 9,021 tractors
Escorts Agri Machinery Segment in January 2021 sold 9,021 tractors, the company's highest ever January sales and registering a growth of 48.8% against 6,063 tractors sold in January 2020.
Domestic tractor sales in January 2021 stood at 8,510 tractors registering a growth of 45.6% against 5,845 tractors in January 2020. The tractor market continues to be strong on back of positive macro-economic factors and strong rural cash flows. The supply-side situation is normalizing and is no longer expected to be a bottleneck to meet demand. However rising inflation continues to be a worry.
Export tractor sales in January 2021 stood at 511 tractors against 218 tractors sold in January 2020, registering a growth of 134.4%.
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