Escorts Agri Machinery reports 80 pc jump in August sales
New Delhi: Farm equipment manufacturer Escorts Agri Machinery on Tuesday reported an 80.1 percent jump in tractor sales at 7,268 units in August 2020.
It had sold 4,035 tractor units in August 2019.
Escorts Agri Machinery said the market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well, and a good supply of retail finance.
"We remain optimistic about the coming festive months. The supply-side situation improved significantly as compared to last month. We are currently operating close to peak capacity now.
In August 2020 we could build some inventory both at dealer and depots, which since the last few months was at very low levels," the company added.
Escorts Agri Machinery sold 6,750 tractor units in the domestic market in August this year, up 79.4 percent, as against 3,763 tractor units in August 2019.
Exports for the month also went up by 90.4 percent to 518 units as against 272 units in August 2019.
