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Escorts Agri Sells 5,776 Tractors in June 2017 - Down due to GST

June 03, 2017
 

Escorts Ltd Agri Machinery Segment (EAM) has announced sale of 5,776 tractors in June 2017 as compared to 6,946 units in June 2016.

Out of 5.776 units, domestic sale is at 5,669 against 6,890 units in same period last year. Export stood at 107 units against 56 units for same period last year.

 
Escorts agri
Escorts Agri Tractor sales data 2017

As per Group CFO Mr. Bharat Madan, The domestic sale has grown by about 12% YoY but wholesales have been reduced during June 2017 to enable de-stocking by dealers to minimize the transition impact on inventories caused by GST provisions and the same will be made up during Q-2 (July-Sept 2017).