Escorts Ltd and Kubota Corporation have floated a global joint venture to manufacture high end technology tractors for domestic and export geographies.
With an initial investment of 300 crores, the 60:40 manufacturing joint venture will leverage leading Japanese technology from Kubota and Indian engineering excellence of Escorts to cater to an expanding market for higher efficiency, value-oriented utility tractors for a global leadership position.
The JV will enable both partners to optimize their current and future capabilities in the segment globally. It will aim to take leading position in domestic and export markets in medium to long term.
Commenting on the partnership, Nikhil Nanda, Chairman and Managing Director, Escorts Ltd., said, “Escorts is evolving in to a global organization through strategic technology & manufacturing collaborations. Our global Joint Venture with Kubota is aimed at a technology led collaborative growth in domestic and export markets. With our inherent strengths, distribution and engineering benchmarks, together, we will access global opportunity markets and take a journey to gl
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