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Escorts Agri Machinery sells 5776 tractors

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Capital Market

In month of June 2017

Escorts announced that its Agri Machinery Segment (EAM) sold 5,776 tractors in June 2017 against 6,946 tractors in June 2016.

Domestic sales in June 2017 stood at 5,669 tractors against 6,890 in June 2016. Export for the month of June 2017 at 107 tractors against 56 tractors in June 2016.

While domestic retail sales has grown by about 12% YoY but wholesales have been reduced during June 2017 to enable de-stocking by the Dealers to minimize the transition impact on inventories caused by GST provisions and the same will be made up during Q2 (July-Sep'2017).

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First Published: Jul 03 2017 | 8:57 AM IST

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