{"id":1101,"date":"2021-05-03T10:18:47","date_gmt":"2021-05-03T10:18:47","guid":{"rendered":"https:\/\/khetigaadi.com\/news\/?p=1101"},"modified":"2024-12-28T17:55:32","modified_gmt":"2024-12-28T12:25:32","slug":"escorts-tractor-sales-increases","status":"publish","type":"post","link":"https:\/\/khetigaadi.com\/news\/escorts-tractor-sales-increases\/","title":{"rendered":"Escorts tractor sales increases to 6,979 units in April 2021 rising by an 890% YoY"},"content":{"rendered":"\n

Escorts <\/a>stated that domestic tractor <\/a>sales in April 2021 were at 6,386 tractors registering a growth of 941.8% against 613 tractors in April 2020.<\/p>\n\n\n\n

Escorts-led Agri Machinery Segment (EAM) in April 2021 sold 6,979 tractors registering a growth of 889.9 per cent as against 705 tractors sold in the same month a year ago.<\/p>\n\n\n\n

In its regulatory filing, Escorts stated that domestic tractor sales in April 2021 were at 6,386 tractors registering a growth of 941.8 per cent against 613 tractors in April 2020. <\/p>\n\n\n\n

The demand in April last year was drastically impacted by Covid-19 national lockdown; so was it in April 2021 although not to the same extent. <\/p>\n\n\n\n

This time around supply chain had minimal impact from local restrictions owing to the second wave of Covid-19. This enabled the Company to build some inventory in anticipation of some pent-up demand as the pandemic situation improves.<\/p>\n\n\n\n

On the domestic market, Escorts said that the medium-term macroeconomic factors remain positive on account of record rabi harvest, sustained crop prices, and good prediction of monsoons this year. Inflation continues unabated and remains a worry.<\/p>\n\n\n\n

Moreover, export tractor sales in April 2021 was at 593 tractors against 92 tractors sold in April 2020, registering a growth of 544.6%.\u201d<\/p>\n\n\n\n

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