Escorts Ltd Agri Machinery Segment (EAM) in March 2021 sold 12,337 tractors, their highest ever March sales, registering a growth of 126.6 percent against 5,444 tractors sold in March 2020. Domestic tractor sales in March 2021 was at 11,730 tractors registering a growth of 124.4 percent against 5,228 tractors in March 2020.
The tractor demand is expected to continue to be strong led by higher Rabi output, favourable crop prices, and initial positive forecast of 2021 monsoon season, all supporting rural customer sentiments. The rising inflation however continues to be a worry.
Export tractor sales in March 2021 was at 607 tractors against 216 tractors sold in March 2020, registering a growth of 181%.”
In Fiscal 2020-21, for the first time ever in any financial year, the company has crossed the 100,000-unit landmark in terms of tractor sales and tractor production in India.
About Escorts Limited: Escorts Ltd is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
The company has diversified business in to three different segments. Escorts Agri Machinery (EAM), Escorts Construction Equipment (ECE) & Railway Equipment Division (RED). The company is committed to excellence in engineering, innovation in products, development of market-relevant technologies and the highest of cost efficiencies to create value for its customers and shareholders.
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