Escorts’ Agri Machinery Segment (EAM) has sold 13,664 tractors in October 2020, its highest ever October sales and registering a growth of 2.3 percent against 13,353 tractors sold in October 2019. Domestic tractor sales in October was at 13,180 tractors registering a growth of 1.1% against 13,034 tractors in October 2019. Export tractor sales in October 2020 was at 484 tractors against 319 tractors exported in October 2019, registering a growth of 51.7%.
Despite operating at near-full capacity, the demand outpaced supply resulting in lower-than-normal inventories. Festival period of Navratri and Dussehra witnessed good footfalls, however sales even prior to that remained buoyant. The demand is driven fundamentally because of higher crop production, good crop prices, sufficient availability of water and easy availability of finance.
Escorts is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
