The company's Construction Equipment Business Division saw growth in May 2024, with sales of 439 machines, representing a 3.3 percent increase from the 425 machines sold in May 2023.
Escorts Limited is a market leader in the agricultural, construction machinery and engineering space.
Citing the reason for increasing the prices, the firm said steady rise in commodity prices necessitated a price hike to offset the impact of the continuing inflation.
Domestic tractor sales during last month stood at 8,510 units as against 5,845 units in January 2020, up 45.6 percent, Escorts said in a BSE filing.
Domestic tractor sales in November 2019, dropped to 7,379 units against 7,641 units a year-ago, the filing said.
Exports for July 2019, however, almost trebled to 355 units as against 127 units in July 2018.
Domestic tractor sales during last month stood at 6,918 units as against 6,295 units in February 2018, up 9.9 percent, Escorts said in a regulatory filing.
Domestic sales stood at 4,212 units last month, up 21.2 percent from 3,476 units in December 2017, Escorts said in a regulatory filing.
The company had sold 4,247 units in February 2017. Domestic tractor sales during last month stood at 6,295 units as against 4,104 units in February 2017, up 53.4 per cent, Escorts said in a regulatory filing.
Domestic tractor sales during last month stood at 3,476 units as against 3,043 units in December 2016, up 14.2 per cent, Escorts said in a BSE filing.
Domestic tractor sales during the month stood at 4,941 units as against 4,698 units in November last year, up 5.2 per cent, Escorts Ltd said in a BSE filing.
Domestic tractor sales stood at 10,001 units as against 8,859 in October last year, up 12.9 per cent, Escorts Ltd said in a BSE filing.
Religare Capital, together with CNBC-TV18, recently undertook a road trip in central Uttrar Pradesh to ascertain demand conditions that forms the basis of economic activity. The findings reveal that the consumption story in rural UP is not as bad as reported.
While monsoon does not have a correlation with overall demand, excess Rabi rainfall in Northwest India will compensate for the drought, say eminent economists.
India is grappling with falling rural demand aggravated by unseasonal rains that threaten to destroy what could have been a bumper crop year. Maharsahstra is the worst impacted state in the country and the compensation announced can barely cover the losses faced by the farmers.
Speaking to CNBC-TV18, Sameer Tandon, chief of sales- service & spares, Escorts Agri Machinery, says the agricultural products firm is likely to see sales growth of 10-12 percent in December-January.
The company sold 9,209 tractors in domestic market in October 2013 and expects its volumes to grow by 12-13 percent in this festive season.
According to Sameer Tandon, the 33-34 percent growth seen by the company in September (YoY) may not be sustainable going ahead. However, he believes good monsoons can keep up the positive momnetum.
In an interview to CNBC-TV18, Sameer Tandon, Chief of Sales, Service & Spares of Escorts Agri Machinery spoke about company‘s sales numbers.