Escorts tractor sales jump 88% to 7,733 units in Dec

Farm equipment company Escorts Agri Equipment on Friday claimed an 88 for each cent leap in tractor income at 7,733 models in December 2020.

The business experienced marketed four,114 models in December 2019.

Domestic tractor income for the duration of previous thirty day period stood at 7,230 models as from 3,806 models in December 2019, up 90 for each cent, Escorts stated in a BSE filing.

Escorts stated post lockdown, this is the first thirty day period exactly where the business could source as for each need of consumers, some of whom waited very long to get their most well-liked tractor brand. “Going forward, all macroeconomic variables continue to be in favour of continued progress and we do not assume any considerable source-need gaps. Growing inflation, however, proceeds to be a stress,” the business stated.

Exports previous thirty day period grew to 503 models in comparison with 308 models in December 2019.