Tractor Gyan Blog


Escorts reports weak Operational numbers, Tractor volumes down 14% YoY at 21051 units

    Escorts reports weak Operational numbers, Tractor volumes down 14% YoY at 21051 units

Escorts India sold 21,051 tractors during the June quarter of the ongoing financial year, the company said in its regulatory filings, down 14.1 percent in comparison to the tractor sales the June quarter of the last fiscal. Escorts India Domestic tractor market share down 448 bps to 10.5% vs 15% QoQ. Tractor biz margins down 330 bps YoY at 10.8%.

"Escorts has been treading aligned to expectations across Agri Machinery, Construction, and Railway businesses. Tractor industry has been slowing down since the last few months, thus our endeavor is to keep revenue and profitability intact with strategic initiatives and elimination of waste and inefficiencies. We will continue to invest in critical new products and technologies, efficient and diversified distribution which will enable us to increase our market share across domestic & export markets," said Nikhil Nanda, Chairman and Managing Director, Escorts India.

Read More
India's first Hybrid Tractor Farmtrac 6090 EH launched at esclusive 2019

Gromax Agri Equipment (Trakstar) launches Trakstar DLX tractors In MP

Write Comment About BLog.

Enter your review about the blog through the form below.

Customer Reviews

Record Not Found



ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor with Fully Advanced Japanese Hybrid Technology at Rs. 7.21 Lakhs

New Delhi: Taking yet another giant leap in introducing state-of-the-art technologies in the tractor...

महिंद्रा के टॉप 12 ट्रैक्टर 2021

महिंद्रा के ट्रैक्टर भारत में बहुत लोकप्रिय है, हर एचपी श्रेणी में महिंद्रा के मॉडल ही सबसे आगे हैं।...

भारत के 10 सबसे बेहतरीन ट्रैक्टर

आज हम बात करेंगे भारत के 10 सबसे बेहतरीन ट्रैक्टरों के बारे में। इन ट्रैक्टरों पर भारतीय किसानों को...