Escorts Tractors domestic sales grow by 90% in December 2020, Auto News, ET Auto

Escorts Tractors domestic sales grow by 90% in December 2020NEW DELHI: The domestic tractor sales of Escorts, the home-grown farm-equipment manufacturer, grew 90% in December 2020 to 7,230 units against 3,806 tractors in the same month in 2019, the company informed BSE in a statement.

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%.

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