Announcing its sales data for July 2017, Escorts Limited stated that the company’s Agri-Machinery Segment (EAM) sold 5,418 tractors, up by 34.3% as against 4,035 tractors in July 2016.
Domestic sales for the month of July 2017 stood at 5,275, up by 33.4 as against 3,953 tractors in July 2016. Export sales in July 2017 came in at 143 tractors, up by 74.4% as against 82 tractors in July 2016.
On an YTD basis, domestic tractor sales and exports stood at 22,474 and 505 respectively in FY18, witnessing increase by 11.6% and 98% respectively as against the same period in the previous financial year.
The company has been gaining ground on the bourses in Tuesday’s trading session after slipping in negative territory during the morning hours.