With the pent-up demand getting exhausted and the overall economy reeling under the impact of rising inflation and the after-effects of two waves of COVID-19, auto sales seem to be coming under pressure post the festival period. Two of the earliest companies to report their November numbers, Bajaj Auto and tractor maker Escorts, have both […]
Maruti Suzuki and Escorts have reported strong auto sales numbers for August 2020. While Escorts report an all-time high for its monthly tractor sales, Maruti Suzuki reported a 21.3% year-on-year jump in passenger vehicle sales, possibly indicating a move by consumers away from public transport. The company sold 1.13 lakh passenger vehicles, up from 93,174 […]
Escorts Ltd, one of India’s oldest motor and equipment makers, said Japan-based Kubota Corporation, one of the top tractor makers in the world, will take a 10% stake in the Indian company for Rs 1,042 cr. The partnership, which will go beyond equity participation, will “integrate and deepen their relationship towards achieving their mutual ambition […]
Escorts, one of India’s biggest tractor makers, reported a 12% jump in its unit sales in February. The company sold 7,240 tractors in February this year, versus 6,462 last year, including exports. Exports nearly doubled to 322 this year from 167 last year. Sales of tractors within India increased by 10% to 6,295, which is […]
Escorts, which makes Farmtrac and Powertrac tractors in India, launched several new models today, including what it called India’s first Electric & Hydrostatic concept tractor as well as high-end models with cabins and tier 4 emission norms compliant CRDi engines. These will be exported to the United States, Europe, Latin America, Africa and ASEAN countries. […]
Escorts, one of India’s agri-machinery manufacturing company, reported a growth of 55% in its tractor sales to 3,722 units for the month of August, said the company. Exports grew by 17% to 55 units for the August month whereas the domestic market saw a growth of 55.7% to 3,667 units, added the company. The tractor […]
