Escorts overall sales down through 18.Three% YoY at 10,074 units by admin- Friday, April 1st, 2022 04:17:07 PM
Escorts Agri Machinery (EAM) in March 2022 sold 10,074 tractors as against 12,337 tractors sold in March 2021, a drop of 18.Three% (YoY).
Domestic tractor income in March 2022 changed into at 9,483 tractors as in opposition to 11,730 tractors in March 2021. Due to excessive base of ultimate 12 months and subdued industrial call for, the tractor industry wholesales keeps to stay subdued in March 2022.
During next 12 months, the tractor demand is anticipated to enhance led by means of better Rabi output, properly level of water reservoirs, increased Union finances allocations to rural and agri region coupled with favourable crop costs, and initial fine forecast of 2022 monsoon season as regular, all helping rural consumer sentiments. The growing inflation but continues to be an area of problem.
Export tractor sales in March 2022 was at 591 tractors against 607 tractors bought in March 2021.