Escorts Targets 10% Market Share in European Market
Escorts Limited announced its plans to create a new 80 HP in European tractor market. At AGRITECHNICA 2013, Escorts will launch its new range of products aptly designed and competitively priced that will redefine the European Tractor Market.
Escorts 12 month profit soars to 167.6 crore
Escorts Limited reported a 141% growth in profit to Rs. 167.6 crore for the 12-month ended 30th Sept. 2013 as against Rs. 69.6 crore in the fiscal 2011-12. Profits for the fourth quarter stood at Rs. 43.6 crore as against Rs. 18.9 crore in the corresponding period in the last fiscal, an increase of 131%.
World Premiere of new Farmtrac Series at Agritechnica
Escorts Agri Machinery will be launching the Farmtrac World Series of tractors at Agritechnica, Hannover, Germany. Considered to be one of the biggest agriculture exhibitions in the world, Agritechnica will be held between 10th and 16th of November, 2013.
Escorts Launches Steeltrac – The Row Crop Specialist
Escorts Limited has announced the launch of India’s first row-crop special tractor - Steeltrac, specially designed for row-crop farming. Escorts has entered into a strategic alliance with Rajkot-based Adico Group for manufacturing of this sub-20 HP tractor.
Nikhil Nanda appointed Managing Director of Escorts Ltd.
The Board of Directors of Escorts Limited announced the appointment of Mr. Nikhil Nanda as its Managing Director. He is currently the Joint Managing Director.
Escorts Enters Cambodia, Strengthens Position in South East Asia
Escorts Limited announced its entry into Cambodia with the launch of its premium tractor range - Farmtrac. For the launch, Escorts has collaborated with TATA International which will operate as the distributor (TATA South East Asia (Cambodia) Ltd.) of the brand. With world-class technologies, impressive features, and stunning looks – these new tractors are set to revolutionize the Cambodian tractor market.
Escorts organises first Tractor Retail Financiers Conference
Escorts Agri Machinery’s Retail Finance team recently organised the first all-India Tractor Retail Financiers’ Conference in Faridabad.
Sampark – Escorts Service Engineers on the Move
In July 2013, Escorts Construction Equipment flagged off one of its biggest ‘customer connect’ campaigns. Titled Sampark, this national level service campaign had 1,200 Escorts-trained engineers and technicians cover 14,000 machines in the field. Our technicians not only serviced each machine, but also gave the customers useful tips on usage and maintenance.
Escorts CIO Wins Top Information Security Award
The IT team of Escorts Limited has bagged yet another prestigious award – the 'Top 100 CISO Award 2013’ – for its excellent work on implementing information security across the company. The award was received by Mr. Vipin Kumar, Chief Information Officer of Escorts Group.
Struts & Shock Absorbers for Tata Four Wheelers
Escorts Auto Products makes its entry into the Indian four-wheeler OEM segment with Tata’s commercial vehicles – Super Ace and Venture. EAP will manufacture and supply gas struts for front suspension and hydraulic shock absorbers for the rear of this range of four wheelers. Gas struts are developed using advanced technology that enhances the durability of the product and also improves its life.
Escorts launches Crop Solutions, signs MoU with SBI
Escorts Limited has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) for providing financial assistance to its newly launched agri service infrastructure called ‘Escorts Crop Solutions’.
Diamond Award for Chairman Rajan Nanda
Escorts Limited Chairman, Mr. Rajan Nanda, was conferred the Diamond Award at the recently held Faridabad Industries Association’s (FIA) Diamond Jubilee celebrations. The award was presented by the Chief Minister of Haryana, Mr. Bhupinder Singh Hooda, who applauded Mr. Nanda for his tremendous efforts and contribution in creating the industrial hub of Faridabad.
Escorts Enters Metro Rail Segment with Korean Technology Giant
Escorts Railway Products has signed an agreement with Yujin Machinery Limited, Korea, for the manufacturing and supply of brake systems to various Metro Rail systems in India. Yujin Machinery has more than 30 years of experience in manufacturing high end technology brake systems for Metro & high speed rail around the world. This collaboration will mark the entry of Escorts Railway Products in the Metro segment.
Faint stirrings of an unlikely turnaround are being felt in Escorts. Demonstrating a willingness to change, Nikhil Nanda has dr afted in professionals to head each of its four businesses and is taking hard calls, report Chanchal Pal Chauhan& Satish John
Escorts announces results of Q2 FY13
Escorts Ltd announced its reviewed financial results for second quarter and half year ended March, 31st 2013 at its recent Financial Result Committee.