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Escorts Agri Machinery sold 8,421tractors in May 2022, Up 31.1% yoy

    Escorts Agri Machinery sold 8,421tractors in May 2022, Up 31.1% yoy

01 Jun, 2022

Faridabad, June 1st, 2022: Escorts Ltd Agri Machinery Segment (EAM) in May 2022 sold 8,421 tractors, our highest ever May sales, registering a growth of 31.1 percent as against 6,423 tractors sold in May 2021.

Domestic tractor sales in May 2022 were at 7,667 tractors registering a growth of 24.5 percent against 6,158 tractors sold in May 2021. We see rural sentiment gradually improving inspite of low crop yields due to extreme heat conditions this harvest season, on account of better crop price realization and forecast of normal rainfall and possible timely sowing this year. With recent Government actions, Inflation may stabilise in near term and operating leverage may further possibly help in partially diluting the impact on margins in coming quarters.

Export tractor sales in May 2022 was at 754 tractors against 265 tractors sold in May 2021, registering a growth of 184.5%.

Sales figure are as follows:

 

Particulars May YTD (2M)
FY23 FY22 % Change FY22 FY21 % Change
Domestic 7667 6158 24.5% 15,343 12,544 22.3%
Export 754 265 184.5% 1,403 858 63.5%
Total 8421 6423 31.1% 16,746 13,402 25.0%

FY- Financial Year from April to March

 

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 Sonalika sold overall 10,217 tractors in April’22, registered 43.5% domestic growth       

Sonalika sold overall 10,217 tractors in April’22, registered 43.5% domestic growth

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 Escorts Agri Machinery sold 8,325 tractors in April 2022, Up 19.3% yoy       

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