Escorts Agri Machinery Segment (EAM) in February 2021 sold 11,230 tractors, its highest ever February sales, and registered a growth of 30.6% over February 2020.
Sequentially, the company's tractor sales have increased by 24.5% from 9,021 units sold in January 2021.
Domestic tractor sales in February 2021 was at 10,690 tractors registering a growth of 32.8% against 8,049 tractors in February 2020. The tractor demand is expected to continue to be strong on back of positive macroeconomic factors and strong rural cash flows. The supply side situation is normal, but rising inflation continues to be a worry.
Export tractor sales in February 2021 was at 540 tractors against 552 tractors sold in February 2020, registering a year-on-year (YoY) degrowth of 2.2%.
Escorts is an engineering conglomerate with presence is sectors like agri-machinery, construction & material handling equipment and railway equipment.
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