Tractor Gyan Blog

Home| All Blogs| Escorts Tractors Volumes grew by 21.1 percent in June, MoM Volume up by 64.6%
SHARE THIS

Escorts Tractors Volumes grew by 21.1 percent in June, MoM Volume up by 64.6%

    Escorts Tractors Volumes grew by 21.1 percent in June,  MoM Volume up by 64.6%

Escorts Agri Machinery Volumes grew by 21.1 percent in June 2020 MoM Volume up by 64.6%

01 Jul, 2020

Faridabad, July 1st, 2020: Escorts Ltd Agri Machinery Segment (EAM) in June 2020 sold 10,851 tractors registering a growth of 21.1 percent against 8,960 tractors sold in June 2019.

Domestic tractor sales in June 2020 at 10,623 tractors registering a growth of 22.8 percent against 8,648 tractors in June 2019.

Escorts tractor sales in June 2020 at 228 tractors against 312 tractors sold in June 2019.

 

Sales figure are as follows:

Particulars                  June                                                       YTD (3M)

 

FY21

FY20

%Change

FY21

FY20

%Change

Domestic     

10623    

 8648    

22.8%               

17690     

20122   

-12.1%

Exports

228

  312

-26.9%

460

929 

-50.5%

Total

10851 

8960

-21.1%

18150 

21051

-13.8%

 

Escorts saw unprecedented demand during this month. The industry is predicted to grow significantly backed by pent-up the demand of the lockdown period, better farmer sentiment thanks to good monsoon prediction reflected in better than normal Kharif sowing, better rural cash flows due to record crop output and crop prices, and fairly good availability of retail finance. The industry growth is widespread with positive growth in most markets barring one or two.  inventory levels, both with the corporate and with a channel are lowest ever. After necessary permissions, Escort was ready to run their factories in multiple shifts to realize production at about 90% of the capacity. The supply chain situation, though better than before, continues to stay volatile.

 

 Read More

Mahindra sales down April 2020      

ESCORTS TRACTORS SALES DECLINES TO 705 TRACTORS IN APRIL 2020         

Read More

Mahindra sales down April 2020      

M&M TO BUY INTO ALGERIAN TRACTOR DISTRIBUTOR                                          

Read More

Mahindra sales down April 2020      

PE FIRM WARBURG PINCUS PLANNING TO INVEST $150 MN IN APOLLO TYRES

Read More

Write Comment About BLog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

blog

https://images.tractorgyan.com/uploads/3958/61eff658517eb_image.jpg

Tube Investments to buy 70% stake in e-tractor co Cellestial for Rs 161 cr

Marking its aggressive foray into e-mobility space, Murugappa group company Tube Investments of Indi...

https://images.tractorgyan.com/uploads/3906/61e01c1b42cbd_vlog-(2).jpg

Annual tractor production crosses 1 m, exports surpass 1 lakh for the 1st time in 2021

Despite hitting a 20-month low in production and domestic sales in December, the calendar year 2021...

https://images.tractorgyan.com/uploads/3877/61d5672d5049e_fada.jpg

Retail Tractor sales down by 10.32% YoY in December 2021 shows Fada Research

The tractor industry sees a huge and massive difference in the sales figure of Dec 2021 as and when...

Tractorgyan Offerings

Popular Second hand Tractors

Locate Tractor Dealers/Showroom