The History of Escorts

The genesis of Escorts goes back to 1944 when two brothers, Mr. H. P. Nanda and Mr. Yudi Nanda, launched a small agency house, Escorts Agents Ltd. in Lahore. Over the years, Escorts has surged ahead and evolved into one of India's largest conglomerates. In this journey of six decades, Escorts has had the privilege of being associated with some of the world leaders in the engineering manufacturing space like Minneapolis Moline, Massey Ferguson, Goetze, Mahle, URSUS, CEKOP, Ford Motor Company, J C Bamford Excavators, Yamaha, Claas, Carraro, Lucky Goldstar, First Pacific Company, Hughes Communications, Jeumont Schneider, Dynapac . These valued relationships be it technological or marketing, are our highly cherished experiences treasures, which have helped us inculcate best in class manufacturing practices and to emerge as a technologically independent world class engineering organization.

 


2004 - Divested Escotel Mobile Telecommunications to Idea Cellular

TS16949 certification for Agri Machinery Group


2005 – Divested Escorts Heart Institute and Research Centre (EHIRC) to Fortis Healthcare


2006 - Divested in Carraro India Ltd.


2008 - ECEL launches Fully Hydraulic Crawler Cranes


2009 - ECEL commissions state-of-art manufacturing plant for pick-n-carry cranes and vibratory compactors


1990-91 - First Public Issue in February 1991, over-subscribed four times. Shares listed on Delhi and Bombay Stock Exchanges.


1991 - Escorts Chairman HP Nanda receives the Chevalier de la Legion d'Honneur medal from France for his contribution towards improving Indo-French economic relations and strengthening trade ties.


1993 - FORD 3620 tractor launched.


1996 - Disengagement of joint venture collaboration with New Holland and launch of FARMTRAC Tractor.


1997 - Joint Venture with Carraro of Italy for manufacturing and marketing of transmission and axles. Joint Venture with First Pacific Company of Hong Kong - Escotel Mobile Communications.


1998 - POWERTRAC series of tractors launched. MoU was signed with Long Manufacturing Company, USA for setting up a Joint Venture in USA.


1999 - MoU for Joint Venture with a Polish Company POL-MOT was signed for assembly, manufacturing and marketing of Farm Machinery.


1983 - Escorts Tractors Limited (ETL) established a state-of-the-art research and development centre to spearhead newer breakthroughs in Farm Mechanisation and to maintain industry leadership. Line concept introduced for engine block machining. 11,000 ton floating dry-dock Escorts I launched.


1984 - JV Escorts - Yamaha to manufacture motorcycles


1984 - Signing of agreement with the Japanese bike giant Yamaha to manufacture motorcycles with Yamaha technology. Collaboration with Jeumont Schneider of France to manufacture EPABX systems Collaboration with Dynapac of Sweden to manufacture vibratory road compactors.


1985 - Escorts Tractors Limited (ETL) offered its first Bonus Issue (1:1).


1988 - Escorts Heart Institute and Research Centre (EHIRC), a world class cardiac care facility launched in New Delhi.


1989 - Joint Venture with Claas of Germany to manufacture harvester combines.


1971 - 1st February, the first tractor FORD 3000 rolled out of the factory.

  • Escorts diversifies and starts manufacturing construction equipment.

1974 - Crossing national boundaries, Escorts exports for the first time. After winning a global tender, 400 tractors were exported to Afghanistan, which was perhaps the world's largest ever airlift of tractors.


1977 - Escorts enters the world of self-developed technology by setting up its first independent R&D Center. Escorts Scientific Research Centre marked its beginning at Faridabad by developing its own Engines for E-27 and E-37. Due to constant technology absorption, indigenisation level touched 72% for FORD tractors. 2nd plant at Bangalore for manufacturing piston assemblies was set up.


1978 - Escorts founder Mr. HP Nanda awarded the "Great Cross of Merit" - the highest civilian honour conferred by the Federal Republic of Germany.


1979 - Collaboration with JCB Excavators Ltd., UK for manufacture of excavators.


1980 - Foray into healthcare, Escorts Hospital and Research Center set up in Faridabad.


1961 - Setting up of manufacturing base at Faridabad for manufacture of tractors in collaboration with URSUS of Poland and 50% indigenous components. Launch of Escort brand of tractors. Collaboration with CEKOP of Poland for manufacture of motorcycles and scooters. Escorts moves into high gear by nurturing the two wheeler culture. The first Rajdoot motorcycle rolls off the assembly line.


1969 - Escorts Tractors Limited was born. A technical and financial joint venture with the global giant Ford Motor Company, USA, to manufacture Ford tractors in India. The years ahead saw Escorts grow as the largest tractor manufacturer in India.

  • Escorts Institute of Farm Mechanisation (EIFM) established at Bangalore.
  • Escorts Employees Ancillaries Ltd. (EEAL), a unique venture in industrial democracy comes into being.

1951 - Escorts established India's first private Institute of Farm Mechanisation at Delhi.


1953 - Escorts (Agents) Ltd. and Escorts (Agriculture and Machines) Ltd. merged to form Escorts Agents Pvt. Ltd.


1954 - 1st industrial venture of Escorts to manufacture piston rings in collaboration with Goetze of Germany, in an era when joint ventures of Indian firms with foreign companies were virtually unheard of.


1958 - Started importing Massey Ferguson tractors from Yugoslavia for marketing the same in India.


1959 - Collaboration with Mahle of Germany to manufacture pistons. Soon, Escorts became the largest producer of piston assemblies in India.


1960 - Set up of Escorts Limited


1944 - Launch of Escorts (Agents) Ltd.


1948 - Pioneered farm mechanization in the country by launching Escorts Agricultural Machines Limited, with a franchise from the U.S. based Minneapolis Moline, for marketing tractors, implements, engines & other farm equipment. Launch of Escorts (Agriculture and Machines) Ltd.


1949 - Franchise of Massey Ferguson tractors for northern India.


Set up new manufacturing facility in Rudrapur for manufacture of new range of railway equipment
2007 - TRX Series of Pick-n- Carry cranes launched in the category of 23 T , 17 T and 16 T


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