Escorts gains 4% on posting highest-ever tractor sales for December month

Post lockdown, December was the first month where the company could supply as per the demand of customers, some of whom waited long to get their preferred tractor brand

Shares of Escorts were trading 4 per cent higher at Rs 1,310 on the BSE in early morning trade on Friday after the company registered a strong 88 per cent year-on-year (YoY) growth in tractor sales at 7,733 units for the month of December. The tractor sales during the month were the company's highest-ever for the month of December.

“Agri Machinery Segment (EAM) in December 2020 sold 7,733 tractors, our highest ever December sales and registered a growth of 88 per cent against 4,114 tractors sold in December 2019,” Escorts said in an exchange filing. READ HERE