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Charts & Analysis

Escorts Exports Witness Triple Digit Growth, Overall Tractor Sales Growth at 53%

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Launching the “Jungli” 4×4 Backhoe loader with a 75HP Escorts Engine, Powertrac Euro 45 & 50 (41-50 HP), and Farmtrac Classic Series (41-50 HP), the Tractor and Construction Equipment Maker, reported a very healthy growth in Q2. The lead taken by the Agri Business which witnessed a growth of 31.23% mostly attributed to the higher tractor volumes led by normal monsoon.
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Rajan Nanda, Chairman and Managing Director said:

We were able to capitalize on good monsoons and return of market demand both through increased sales and continuing returns from cost compression. The construction industry too is showing signs of improvement and railways are on a healthy track.

Tractor Industry

  • While YoY Domestic market witnessed growth, QoQ witnessed de-growth.
  • With Normal monsoon, full year basis industry is expected to grow by 14-16%.

Construction Industry

  • All major segments like Earth Moving, Material handling, Road Construction have seen a positive movement. Earth-moving and material handling leading the race.

Overall sales for October 2016 stood at 8,970 units against 5,862 units. Exports tripled from 30 units to 111 units.
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