In December 2020 the total sales, including exports, were at 7,733 tractors. The company claims that “this is the highest-ever December sales registering 88% growth from 4,114 units in the same month last year.”
According to the company, after the lockdowns, this is the first month that it could meet the demand of customers, some of whom had to wait 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 gap. Rising inflation, however, continues to be a worry,” the company said.
Escorts exported 503 tractors in December 2020 against 308 units in December 2019, registering a growth of 63.3%.