Escorts Agri Machinery November 2020 sales moves up by 33 percent
Mumbai/UNI: Escorts Agri Machinery Segment (EAM) has reported a rise of 33 pci n it's November 2020 sale at 10,165 tractors against 7,642 tractors sold in November 2019.
Domestic tractor sales in November was at 9,662 tractors registering a growth of 30.9 pc against 7,379 tractors in November 2019.
The dealer and depot stocks continue to be low. Stock correction in the coming months would continue to push the industry upwards, supported by healthy water reservoir levels and a good harvest.
The supply chain still is volatile but should improve going forward. We have taken a price increase this month to pass on the inflation in the commodity prices.
Export tractor sales in November 2020 was at 503 tractors against 263 tractors exported in November 2019, registering a growth of 91.3 pc