Escorts construction equipment volumes increase by a whopping 252% yoy in March 2021 -

Escorts construction equipment volumes increase by a whopping 252% yoy in March 2021


Escorts Tractor

Escorts announced that Construction Equipment Segment (ECE) has sold 680 machines in March 2021, the highest ever monthly sales and registered a growth of 252.3% against 193 machines sold in March 2020.

In its regulatory filing, Escorts said that with continued Government thrust on infrastructure spending with an aim to achieve accelerated growth in GDP and massive Capex plan under NIP (National Infrastructure Pipeline), timely disbursal of project payments, major policy amendments for highway concessionaires and asset monetisation to ensure liquidity, we expect construction equipment demand will continue to be strong.

However, Escorts added that some supply chain issues and rising inflation in commodity prices, continue to be worrying factors.

At around 1.38 pm, Escorts was trading at Rs1236.35 per piece down by 2.94% on Sensex. 





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