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.
Farmtrac Unveils the World's Best in Tractors
Escorts unveiled its two latest power and glamour packed offerings - Ferrari, the world’s best for specialty farming, and the India’s first “Executive Tractors” – Farmtrac 6060 and Farmtrac 6065 in Srinagar, Jammu and Kashmir, recently. With world-class technologies, impressive features, and stunning looks – these new tractors are set to revolutionize the J&K tractor landscape.
Suzuki Honours Escorts as Best Supplier for 2nd Consecutive Year
For the second year in a row, Escorts Auto Products has been awarded the Best Supplier Award in Delivery from Suzuki Motorcycles India Pvt. Ltd. (SMIPL). The award was received in a vendor meet organised by SMIPL in March, 2013.
Export Excellence Award for Escorts Auto Products
For the second year in a row, Escorts has been chosen for the prestigious EEPC India National Awards for Export Excellence. The company has been lauded as the Star Performer for the year 2011-12 in the Product Group of Two/Three Wheeler and Parts, Large Enterprise.
Escorts Introduces Bogie Mounted Brake System for Indian Railways
For over four decades, Escorts has been committed to introducing the latest and technologically advanced products in Indian Railways. Keeping in line with this commitment, Escorts Railway Products has recently introduced Bogie Mounted Brake System (BMBS) for freight cars.
Escorts brings Glamour to the Tractor World
On its way to Image Leadership, Escorts unveils Ferrari - the world’s best in specialty tractors, and the All-New, premium Farmtrac Executive Series
Escorts Limited announces Financial Results for Q1 FY2013
Escorts Ltd. announced its unaudited financial results for the first quarter of the financial year 2013 ended 31st December 2012 recently.
Redefining Rural Marketing
Escorts Agri Machinery shone bright at the 4th RMAI (Rural Marketing Association of India) Corporate Awards for excellence in rural marketing and communications, at an event held in New Delhi.
Government to Get Direct Supply of Tractors from Escorts
Escorts Agri Machinery entered into a rate contract with the Directorate General of Supplies & Disposal, Ministry of Commerce & Industry, Government of India, for supplying tractors on pre-approved prices directly to state and central government organizations without going for any tendering process. This contract will entitle Escorts Agri Machinery to sell both POWERTRAC and FARMTRAC brand of tractor models for a period of one year.
GVR Murthy Appointed CEO of Escorts Construction Equipment
Escorts Limited has appointed Mr. G V R Murthy as the Chief Executive Officer of Escorts Construction Equipment. In his career of three decades, Mr Murthy has extensive experience in construction industry, cement products and mineral processing.
Escorts unveils the new Powertrac ‘Business Tractor’ range in Punjab and Haryana
Escorts Limited recently unveiled its all-new POWERTRAC ‘Business Tractor’ range in Punjab and Haryana. The new tractor range, available in 25 HP to 50 HP, offers 5 new models & more than 20 variants and caters to the new emerging ‘commerce-minded’ farmer.
Escorts Auto Products to be Silver Partner at Automechanika New Delhi
Escorts Auto Products is participating at the upcoming ACMA Automechanika, New Delhi, as one of the silver partners of the event. To be organised at Pragati Maidan from 7th to 10th February, 2013, the show will offer exhibitors access to local markets as well as networking opportunities with key regional and international players, industry stakeholders and regulatory bodies.
Escorts clocks 20% Growth in Sales to Rs. 3,877.7 Crore
Escorts Limited has announced its first annual results of the post-merger entity. The company reported net sales of Rs. 3,877.7 crore, an increase of 20% over the previous fiscal’s net sales of Rs. 3,210 crore. Escorts Limited reported a 23.1% increase in EBIDTA at Rs. 182.2 crore as against Rs. 148.1 crore in the previous fiscal. Net Profit stood at Rs. 69.6 crore.
Dipankar Ghosh appointed as Head of Escorts Railway Products
Escorts Ltd. recently announced the appointment of Mr. Dipankar Ghosh as the new head of Escorts Railway Products. He would be focusing on driving growth for the business and bring in vital transformations in order to achieve company objectives.