Escorts Agri Machinery promote 5,693 tractors in August 2021 by admin- Wednesday, September 1st, 2021 03:58:16 PM
Escorts Agri Machinery (EAM) in August 2021 bought 5,693 tractors as in opposition to 7,268 tractors sold in August 2020.
Domestic tractor income in August 2021 became at four,920 tractors as towards 6,750 tractors in August 2020. This yr August sales isn’t strictly similar with last yr equal month income due to life of pent-up call for closing year, post COVID-19 country wide extensive lockdowns. As we input festive season months, we see farmer sentiment robust and enquiry degree constructing up, pushed via beneficial macroeconomic factors, moderately properly water degree of reservoirs, properly pace of Kharif sowing and persisted assist with the aid of the Government in Agri zone. Some elements of the us of a have confronted a deficit of rainfall in July and August, and it stays to be seen how monsoon behaves in September. Inflation maintains at unparalleled levels.
Export tractor income in August 2021 changed into at 773 tractors as against 518 tractors offered in August 2020, registering a increase of 49.2%.