Escorts logs 39.3% yoy drop in tractors sales to 4,695 units in Dec 2021

3 Jan 2022 , 09:17 AM

Escorts Agri Machinery (EAM) in December 2021 sold 4,695 tractors as against 7,733 tractors sold in December 2020, a drop of 39.3% yoy.

According to the regulatory filing, Domestic tractor sales in December 2021 was at 4,080 tractors as against 7,230 tractors in December 2020. Rural cash flows started to improve, but industry wholesales were impacted during the month of December 2021 due to high base last year, said Escorts.

“Going forward, all macroeconomic factors including healthy water reservoir level remains in favour of the tractor industry. We have taken price increase, but rising inflation continues to be a worry”, the company added.

Export tractor sales in December 2021 was at 615 tractors against 503 tractors sold in December 2020, registering a growth of 22.3%.

At around 9:17 AM, Escorts was trading at Rs1908.85 per piece higher by 0.13% on Sensex.