For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.

Escorts Agri Equipment Phase sells 6979 tractors in April

The Escorts Agri Machinery segment sold 6,979 tractors in April 2021, growing 889.9 percent from 705 tractors sold in April 2020.

Domestic tractor sales stood at 6,386 tractors in April 2021, growing 941.8 percent from 613 tractors in April 2020. Demand last April was dramatically impacted by the national Covid-19 lockdown. so it was in April 2021, if not to the same extent. This time, due to the second wave of Covid-19, the supply chain had minimal impact from local restrictions.

This allowed the company to build up some inventory in anticipation of pent-up demand if the pandemic situation improves. The medium-term macroeconomic factors remain positive due to the record harvest at Rabi, the persistent harvest prices and the good forecast of the monsoons this year. Inflation continues unabated and remains a matter of concern.

Tractor exports stood at 593 tractors in April 2021 compared to 92 tractors sold in April 2020, representing a growth of 544.6%.

Powered by Capital Market – Live News

(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

Dear Reader,

Business Standard has always endeavored to provide updated information and commentary on developments that are of interest to you and have far-reaching political and economic implications for the country and the world. Your encouragement and constant feedback to improve our offering has only strengthened our determination and commitment to these ideals. Even in these troubled times resulting from Covid-19, we continue to strive to keep you updated with credible news, authoritative views, and concise comments on relevant topics.
However, we have a request.

As we struggle against the economic impact of the pandemic, we need your support even more so that we can continue to provide you with higher quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. A larger subscription to our online content can only help us achieve our goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support of quality journalism and Subscribe to the Business Standard.

Digital editor