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Escorts Agri Machinery Volumes grew by 88 percent in December 2020

Export tractor sales in December 2020 was at 503 tractors against 308 tractors

Faridabad, January 1 st , 2021: Escorts Ltd Agri Machinery Segment (EAM) in December 2020 sold 7,733 tractors, our highest ever December sales and registering a growth of 88 percent against 4,114 tractors sold in December 2019. Domestic tractor sales in December 2020 was at 7,230 tractors registering a growth of 90 percent against 3,806 tractors in December 2019. Post Lockdown, this is the first month where we could supply as per demand of customers, some of whom waited long to get their preferred tractor brand. Going forward all macroeconomic factors remain in favour of continued growth and we do not expect any significant supply-demand gaps. Rising Inflation, however, continues to be a worry.

Export tractor sales in December 2020 was at 503 tractors against 308 tractors sold in December 2019, registering a growth of 63.3 percent.”

Sales figure are as follows:

Particular

December

Q3 (October-December)

YTD (9M)

FY21

FY21

% Change

FY21

FY20

% Change

FY21

FY20

% Change

Domestic

7,230

3,806

90.0%

30,072

24,219

24.2%

70,918

63,130

12.3%

Export

503

308

63.3%

1,490

890

67.4%

3,235

2,780

16.4%

Total

7,733

4,114

88.0%

31,562

25,109

25.7%

74,153

65,910

12.5%

About Escorts Limited:

Escorts Ltd is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment. The company has diversified business in to three different segments. Escorts Agri Machinery (EAM), Escorts Construction Equipment (ECE) & Railway Equipment Division (RED). The company is committed to excellence in engineering, innovation in products, development of market-relevant technologies and the highest of cost efficiencies to create value for its customers and shareholders.

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