Escorts And Kubota Join Hands For Global Leadership
Escorts Limited, India's leading engineering conglomerate and Kubota Corporation, Japan's biggest and world's leading tractor manufacturer had announced their global joint venture to manufacture high-end technology tractors for domestic and export geographies. The JV 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.
With an initial investment of 300 crores, the 60:40 manufacturing joint venture between Kubota and Escorts respectively will enable both partners to optimize their current and future capabilities in the segment globally. The JV will aim to take the leading position in domestic and export markets in medium to long term.