Escorts Ltd Appoints Nikhil Nanda as Chairman and Managing Director
New Delhi, 7 August 2018: The Board of Directors of Escorts Limited, India’s leading engineering conglomerate manufacturing agri-machinery, construction and railway equipment, today appointed Mr Nikhil Nanda as the Chairman and Managing Director of the company
Escorts Mourns Passing Of Corporate Visionary, Chairman Rajan Nanda
New Delhi, August 6: Chairman and Managing Director of the Escorts Limited, Mr Rajan Nanda, passed away on Sunday, August 5, after a brief illness. He was 76 years.
Escorts unveils India’s first Electric Tractor Concept & Global Tractor Series
New Delhi, September 6, 2017: Escorts Ltd, India’s leading engineering conglomerate today launched India’s first Electric & Hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22HP to 90 HP range under flagship brands Farmtrac and Powertrac compliant with tier 4 emission norms of Europe and America amidst 43 International distributors.
Escorts looks at Human Resource for continued growth
New Delhi, April 20, 2017 : Escorts Ltd., leading Agriculture & Infrastructure Solutions manufacturer, has appointed Amanppreet Singh Bhatia as the new Group HR Head.
Escorts Ltd Launches New 80 & 90 HP Farmtrac Tractors in Europe & US
New Delhi, November 9, 2016: Escorts Ltd, India’s leading tractor manufacturer, today announced the launch of new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category simultaneously in Italy and Mexico at EIMA, International Exposition of Machinery for Agriculture and Gardening, Bologna, and at Expo Agroalimentaria Guanajuato, Irapuato, respectively.
Mr Ajay Mandahr appointed as CEO of Construction Equipment Business
New Delhi, October 18, 2016: Escorts Limited today announced the appointment of Ajay Mandahr as the new Chief Executive Officer of its Construction Equipment Business. Mr Mandahr brings 26 years of experience in construction equipment, material handling and manufacturing industry.
Escorts divests Auto Products Business
New Delhi, 11 August, 2016 : Escorts Ltd today announced the divestment of its OEM & Export business of Auto Product division to Badve Engineering Ltd., Pune in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the Agri-Machinery, Construction equipment and Railway equipment.
Escorts First Quarter Net Profit Up 33.5%
New Delhi, July 28, 2016: Escorts Limited today reported an increase in net profit by 33.5% at Rs 47 crore in the quarter ending June 2016 against Rs 35.2 crore in quarter ended June 2015.
Escorts Strengthens International Portfolio with new Global Product Line
Escorts Limited, one of India’s leading tractor manufacturers, today unveiled their global ambitions with launch of 13 new tractors in 12HP to 110HP range under flagship brands Farmtrac, Powertrac, and Euroline Series to cater specifically to the world market. This heralds the foray of the engineering conglomerate in newer and extreme horse power range of 12HP to 110HP to address global competition in overseas markets by designing, developing and making in India.
Escorts Net Profit Up 19.6% AT Rs. 89.4 Crore
New Delhi, May 25, 2016: Escorts Limited today reported an increase in net profit of 19.6 % at Rs. 89.4 crore in the fiscal year March 31, 2016 as against Rs. 74.7 crore in the previous fiscal. For the quarter ending March 2016, net profit was up by 28.7 % at Rs. 16.4 crore as against Rs. 12.8 crore in the corresponding quarter in the previous fiscal.
Escorts strengthens Leadership Team
Escorts Limited today announced the appointment of Mr Ravi A Menon as Chief Executive Officer of its Agri Machinery business. Mr Menon takes over from Mr S Sridhar who would now move to head Escorts Construction Equipment (ECE).
Escorts Q2 Profit at ₹ 16.2 Cr
New Delhi, November 2, 2015: Escorts Limited today reported a profit of ₹16.2 crore in the quarter ending September 30, 2015 as against a loss of ₹ 7.9 crore in the corresponding quarter in the previous fiscal. The net profit for the half year ending September 2015 was up by 100 per cent at ₹ 52.5 crore as against ₹ 26.3 crore in the corresponding period last year.
Escorts – TATA Takes Tractor Retailing Model in Cambodia to a new Level
New Delhi, August 27, 2015: Escorts Limited, along with Tata International, its Cambodian business partners for tractors, recently launched their exclusive Farmtrac showroom in Kampong Thom Province, Cambodia.
Escorts’ Q1 Sequential Profit up 184% at ₹ 36.3 Cr
New Delhi, August 6, 2015: Escorts Limited today reported an increase in net profit by 184% from ₹ 12.8 crore in the previous quarter (ended March 2015) to ₹ 36.3 crore in the first quarter of the current fiscal ending June 30, 2015. Profits were up by 6.3 per cent from ₹ 34.1 crore in the corresponding quarter
Escorts Partners DLL to bring “Escorts Credit” – An Easy Finance Solution For Indian Farmers
Escorts Limited today announced the signing of a partnership with DLL Group’s Indian subsidiary (De Lage Landen Financial Services India Private Limited, hereafter DLL) to launch “Escorts Credit” which will provide retail tractor loans to Escorts customers with convenient and fast loan options.