New Delhi: Farm devices maker Escorts Agri Equipment on Thursday reported a 124.4{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} raise in domestic tractor revenue at 11,730 models in March.
The business experienced sold 5,228 models in March 2020 when revenue ended up affected by the COVID-19 lockdown and are not strictly equivalent, the business reported in a regulatory submitting.
Escorts Agri Equipment reported tractor demand from customers is envisioned to go on to be strong led by higher rabi output, favourable crop costs, and preliminary good forecast of 2021 monsoon time, all supporting rural consumer sentiments. The increasing inflation however carries on to be a fret, the business added.
Exports previous thirty day period ended up at 607 models when compared to 216 models in March 2021. Complete tractor revenue in the course of March 2021 ended up at twelve,337 models as from 5,444 models in February 2020, up 126.6{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}, Escorts reported.
For 2020-21 fiscal, the business reported 23.8{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} expansion in overall revenue at 1,01,848 models when compared to 82,252 models in 2019-20.
“In Fiscal 2020-21, for the to start with time ever in any money year, business has crossed the one hundred,000-unit landmark in phrases of tractor revenue and tractor generation in India,” Escorts reported.
More Stories
Can a multi-car insurance policy save you money?
A Jaguar D-Type Body Buck From 1954
Pyramid Car Care Now Available at Ultimate Finish