Escorts sales decline by 2.6 % in May on YOY basis
Escorts Agri Machinery Segment in May 2021 sold 6423 against 6594 tractors sold in May 2020. Domestic tractor sales in May 2021 were at 6158 tractors as against 6454 tractors in May 2020. India is going through some tough times and slowdown in demand is seen due to the impact of COVID-19 in the rural parts impairing movement of customers and smooth operations of our dealerships. The ground situation has somewhat eased in the last few days of the month, and Escorts expect a return to normalcy soon
Escorts Management says they are watching the on-ground situation closely and believe that like last year, going forward industry may see a pent-up demand post monsoon season: Reuters