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Quantity outlook to help beneficial properties for Escorts inventory, infra push is essential

Fiscal 21 was a strong year for tractor manufacturers as the segment is the only one to see double-digit growth in all segments of the automotive space.

For escorts, who generate over 80 percent of their sales in this segment, last year was a record year in which they sold more than one lakh tractor and recorded a growth of 24 percent. After a strong March performance, with volume up 126 percent on a lower basis year over year, the company expects demand for tractors to remain strong, led by higher Rabi production, cheap harvest prices and a positive initial forecast for 2021 …

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First publication: Fri, April 02, 2021. 7:59 pm IST

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