Escort Motors: Amid lockdown, Tractor sales keep rolling, should you invest?

Escorts provides a technologically superior range of 22 HP to 80 HP tractors with under two-star brands – Farmtrac and Powertrac. It has a network of 800 retail outlets along with a customer base of 14,00,000.

The company has a presence in 62 countries. The company has more than 60 years of track record in manufacturing Agri machinery. The company’s net profit rose by 6% to Rs.92.58 crore in June quarter. Amidst the challenging environment, the company witnessed a faster revival in agriculture business. It also reported an 80% growth in total sales along with a 9% increase in exports on a YoY basis for August month.

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