New Delhi: Farm tools and engineering big Escorts Ltd on October one noted 9.2% increase in whole tractor product sales at 11,851 units in September on the back again of robust rural sentiment and pent-up desire.
The firm had bought a whole of 10,855 units in the same thirty day period final 12 months, Escorts Ltd claimed in a regulatory filing.
Domestic tractor product sales final thirty day period were at 11,453 units, as against 10,521 units in September 2018, a expansion of eight.9%, it claimed.
In accordance to Escorts, the rural desire proceeds to stay positive led by reduced base of final 12 months, pent-up desire from Covid-19 connected lockdowns, and fundamentally positive macroeconomic components. It further claimed timely and prevalent monsoon, file Rabi crop creation, early Kharif sowing, and very good availability of retail finance have served generate positive farmer sentiment.
“Though at the moment working close to our peak ability, we are hoping to further ramp up creation and source to meet the excess desire. We stay optimistic for the coming festive time,” Escorts additional.
Exports were at 398 units as compared to 334 units in the same thirty day period lat 12 months, a expansion of 19.2 percent, the firm claimed.