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Escorts sold 8,816 tractors in September 2021, down 25.6% YoY

Escorts sold 8,816 tractors in September 2021, down 25.6% YoY

    Escorts sold 8,816 tractors in September 2021, down 25.6% YoY

01 Oct, 2021

Faridabad, October 1st, 2021: Escorts limited Agri Machinery products segment (Farmtrac tractorPowertrac tractor and Digitrac tractor) in September 2021 sold 8,816 tractors as against 11,851 tractors sold in September 2020, a drop of 25.6 percent year-on-year and growth of 54.9 percent on month-on-month basis

Domestic tractor sales in September 2021 was at 7,975 tractors as against 11,453 tractors in September 2020. With record monsoon activity in September, this year’s rainfall deficit has largely been recovered, which augurs well for industry in the upcoming months. However above normal rainfall in September has delayed harvesting in some parts of the country resulting in a two-to-four-week delay in the onset of the festive season demand. All other macroeconomic factors remain favourable. Inflation in various commodity prices continues to be an area of concern in the short term. Export tractor sales in September 2021 was at 841 tractors against 398 tractors sold in September 2020, registering a growth of 111.3 percent.

Sales figure are as follows:

Particular

September

Quarter (July-September)

YTD September

FY22

FY21

% Change

FY22

FY21

% Change

FY22

FY21

% Change

Domestic

7,975

11,453

-30.4%

18,950 23,156 -18.2% 43,450 40,846 6.4%

Export

841

398 111.3% 2,123 1,285 65.2% 3,558 1,745 103.9%

Total

8,816

11,851 -25.6% 21,073 24,441 -13.8% 47,008 42,591 10.4%

 

About Escorts Limited:

Escorts Ltd is one of India's leading engineering conglomerates with over seven 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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