Escorts’ Agri Machinery Segment registers 88% rise in December sales
1st Jan 2021

Escorts’ Agri Machinery Segment (EAM) has sold 7,733 tractors in December 2020, its highest ever December sales and registering a growth of 88 percent against 4,114 tractors sold in December 2019.

Domestic tractor sales in December 2020 was at 7,230 tractors registering a growth of 90 percent against 3,806 tractors in December 2019. Export tractor sales in December 2020 was at 503 tractors against 308 tractors sold in December 2019, registering a growth of 63.3 percent.

Post Lockdown, this is the first month where the company could supply as per demand of customers, some of whom waited long to get their preferred tractor brand. Going forward all macroeconomic factors remain in favour of continued growth and it does not expect any significant supply-demand gaps. Rising Inflation, however, continues to be a worry.

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.