Escorts shares skid 12% as tractor sales more than halve in March

Shares of Escorts dipped 12 per cent to Rs 582 on the BSE on Wednesday after the company’s tractor sales more-than-halved at 5,444 units in the month of March 2020. The company had sold 11,905 tractors in the same month last year.

Eicher Motors said, the March 2020 sales numbers are not comparable with March 2019, as sales were impacted by nationwide lockdown.

“The domestic tractor sales in March 2020 were at 5,228 tractors against 11,431 tractors in March 2019. The export for the month at 216 tractors as against 47 4 tractors sold in the same month