Escorts Agri Machinery
Escorts Agri Machinery January tractor sales moves up by 48.8 pc in Jan 2021
Mumbai/UNI: Tractor major ,Escorts Ltd Agri Machinery Segment (EAM) reported a rise of 48.8 percent in its January 2021 at 9,021 units against 6,063 units sold in January 2020.
Domestic tractor sales in January 2021 was at 8,510 tractors registering a growth of 45.6 percent 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 was at 511 tractors against 218 tractors sold in January 2020, registering a growth of 134.4 percent.
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