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Akshay Patel

1st Dec · SEBI-Registered Analyst

ESCORTS
achieved a 17.9% year-on-year growth in total units sold for November, with 10,580 units compared to 8,974 in the previous year. Domestic tractor sales increased by 15.9% to 10,122 units, while export sales surged by 87.7% to 458 units. The growth is attributed to government initiatives, reduced GST rates, agricultural subsidies, and favorable farming conditions. However, the Construction Equipment Business Division faced challenges, with sales decreasing from 481 to 452 machines year-on-year due to prolonged monsoons and sluggish project mobilization. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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