Escorts tractor sales decline 37Percentage in Jan 2022

3 Feb 2022 , 01:33 AM

Escorts Agri Machinery EAM in January 2022 sold 5707 tractors as against 9021 tractors sold in January 2021 a drop of 367 percent year-on-year Domestic tractor sales in January 2022 was at 5103 tractors as against 8510 tractors in January 2021 Industry wholesales continues to be impacted in January 2022 due to unseasonal rainfall in certain part of country high base of last year and inflationary impact on short term demand leading to higher level of channel inventory in certain geographies Going forward with improved liquidity in hand of farmers overall high rabi sowing and good water level reservoirs the company expects the same will help boost demand recovery in coming month Export tractor sales in January 2022 was at 604 tractors against 511 tractors sold in January 2021 registering a growth of 182 percent