Tractor Gyan Blogs

Home| All Blogs| Escorts reports weak Operational numbers, Tractor volumes down 14% YoY at 21051 units
SHARE THIS

Escorts reports weak Operational numbers, Tractor volumes down 14% YoY at 21051 units

    Escorts reports weak Operational numbers, Tractor volumes down 14% YoY at 21051 units

29 Jul, 2019

Escorts India sold 21,051 tractors during the June quarter of the ongoing financial year, the company said in its regulatory filings, down 14.1 percent in comparison to the tractor sales the June quarter of the last fiscal. Escorts India Domestic tractor market share down 448 bps to 10.5% vs 15% QoQ. Tractor biz margins down 330 bps YoY at 10.8%.

"Escorts has been treading aligned to expectations across Agri Machinery, Construction, and Railway businesses. Tractor industry has been slowing down since the last few months, thus our endeavor is to keep revenue and profitability intact with strategic initiatives and elimination of waste and inefficiencies. We will continue to invest in critical new products and technologies, efficient and diversified distribution which will enable us to increase our market share across domestic & export markets," said Nikhil Nanda, Chairman and Managing Director, Escorts India.

 

Read More

 न्यू हॉलैंड ट्रैक्टर प्राइस लिस्ट, फीचर्स एवं टॉप मॉडल। 2021       

न्यू हॉलैंड ट्रैक्टर प्राइस लिस्ट, फीचर्स एवं टॉप मॉडल। 2021                      

Read More  

 भारत में टॉप 5 टायर ब्रांड 2021       

भारत में टॉप 5 टायर ब्रांड 2021                                                           

Read More  

 Vehicle of Tomorrow- Ola Electrc Scooter is coming to your way.       

Vehicle of Tomorrow- Ola Electrc Scooter is coming to your way. 

Read More

Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/26609/62c688b160181_blog-a.jpg

Top 10 Baler machine for agriculture in India | 2022

Agricultural Baler is an important agricultural tool or implement used to compress a cut and raked c...

https://images.tractorgyan.com/uploads/26597/62c53ae1f08e8_blog-(11).jpg

How much Horsepower tractor do you need for your farm?

Tractors are an essential farming vehicle for agriculture as it provides ease and assistance for cro...

https://images.tractorgyan.com/uploads/26590/62c3d5e94798f_Retail-Tractor-Sales-Figures-April-2021-(yoy).jpg

Retail Tractor sales up by 9.66 percent YoY in June 2022 shows FADA Research

FADA Sales report for June 2022 is out, and we can say that unlike a recent couple of years, this ye...

tractorgyan offeringsTractorGyan Offerings

POPULAR SECOND HAND TRACTORSPopular Second hand Tractors

LOCATE TRACTOR DEALERS/SHOWROOMLocate Tractor Dealers/Showroom