Escorts tractor sales fall 10.5% in December 2019

New Delhi: Farm equipment and engineering major Escorts Ltd on Wednesday reported a 10.5 percent decline in tractor sales at 4,114 units in December.

The company had sold a total of 4,598 units in the same month last year, Escorts Ltd said in a regulatory filing.

Domestic tractor sales last month were at 3,806 units, compared to 4,212 units in December 2018, a drop of 9.6 percent, it said.

Exports stood at 308 units as compared to 386 in the same month last year, witnessing a decline of 20.2 percent, the company said.

In the quarter ended December 31, 2019, the company sold 24,219 tractors in the domestic market, down 2 percent compared to 24,720 units the same period a year ago.

Overall tractor sales (domestic+export) dipped by 2.5 percent at 25,109 units during the quarter under review.

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