Escorts strengthens Leadership Team
New Delhi, April 7, 2016 Escorts Ltd., the global Agri Machinery and Construction Equipment manufacturer, has appointed 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, India’s leading tractor manufacturer, along with Tata International, its Cambodian business partners for tractors, today launched their exclusive Farmtrac showroom in Kampong Thom Province, Cambodia. This is the latest showroom after their benchmarked exclusive set up in Phnom Penh and many other franchise sales & service points across the nation.
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 With Cognizant to Digitally Transform its Businesses
New Delhi, India—June 24, 2015 - Escorts Limited, one of India’s leading engineering conglomerates, today announced a strategic relationship with Cognizant (NASDAQ: CTSH), to modernize its technology landscape and achieve the company’s vision of digitally transforming its businesses to deliver innovative products, provide superior customer experience, and drive growth.
Farmtrac Receives a Thumbs up for the Heritage Series Tractors at Nampo 2015
Johannesburg, May 13, 2015: Escorts Limited, India’s leading tractor manufacturer, is once again at the NAMPO Trade Fair 2015 in South Africa with its world famed Farmtrac Heritage Series tractors. Eyeing to further consolidate its presence in the South African market and beyond, Escorts Ltd has put on display the four Wheel Drive and two Wheel Drive variants of its fuel efficient, ergonomically engineered Farmtrac Heritage Series
Escorts Enters into a Joint Venture with Amul Group for Manufacturing Specialised Tractors
New Delhi, 13 April, 2015, Escorts Limited, India’s leading tractor manufacturer, has entered into a Joint Venture with Rajkot based Amul Group for manufacturing specialty tractor – Steeltrac. Escorts had joined hands with Amul Industries in 2012 for development & distribution of Steeltrac, a highly successful speciality tractor.
Escorts partners DLL to bring “Escorts Credit” – An easy finance solution for Indian farmers
New Delhi, February 18, 2015 : Escorts Limited today announced the signing ofa 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.
Escorts’ Q3 Profit at Rs. 35.7 Crore
New Delhi, February 11, 2015: Escorts Limited today reported a net profit of Rs. 35.7 crore in the third quarter ended December 31, 2014. The third quarter saw an increase of 5.4% in turnover to Rs. 1,046 crore against Rs. 992.6 crore in the preceding quarter. EBIDTA was sequentially up by 46.1% at Rs. 49.0 Cr. in the quarter ended December 2014 as against Rs. 33.5 Cr. in the quarter ended September 2014.
Escorts launches India’s first Anti Lift Tractor
Patna, January 8, 2015: Escorts Ltd, India’s leading tractor manufacturer, has brought in a series of innovations to redefine the tractor market. Their Powertrac Euro series has created new standards in aesthetics & comfort. Through XP Engine Series, Escorts has created benchmarks in fuel efficiency. Now Escorts is launching a new category of tractors called “ANTI LIFT TRACTORS”.
Escorts showcases European 4X4 Farmtrac Heritage Series at Agrotech
Chandigarh, November 22, 2014: Escorts Ltd, the leading tractor manufacturer redefining farm mechanization with path breaking technology innovations, today showcased the European version of its world-class new Farmtrac 6050 4x4, a part of Heritage tractor series which offers safe haulage operations even in extreme conditions with extra power, style and comfort.
Escorts introduces Next Generation “XP Series” Engine
New Delhi, November 20, 2014: Escorts Ltd, the leading tractor manufacturer recognized and respected for redefining farm mechanization, through a variety of innovations, the most recent ones being the Executive & Euro Series and Ferarri launches which set a new benchmark for comfort, aesthetics and performance has introduced the next generation “XP Series” Engine in the market.
Escorts’ H1 Profit at Rs. 26.3 Crore
New Delhi, November 5, 2014: Escorts Limited today reported a net profit of Rs 26.3 crore in first half ending September 30, 2014. The first half saw a flat turnover of Rs 2,121.7 crore as against Rs 2,120.2 crore in the corresponding half year ending September 2013. EBIDTA was at Rs 90.4 crore in the first half of the year as against Rs 157.2 crore in the first half of the previous fiscal.
Escorts launches most Powerful & Fuel Efficient Tractors in Bangladesh
Dhaka, September 13, 2014 Escorts, India's leading tractor brand, announced the launch of its two new series of tractors in Bangladesh, the most powerful offerings in their respective categories. While the new FARMTRAC 6060 – Heritage series in 60HP segment is positioned in the high-end premium tractor category, the new POWERTRAC Diesel-Saver Plus 4455 Euro series is available in 55 HP range. It is placed in the mid-size, popular segment.
Escorts’ Q1 Sequential Profit up at Rs. 34.1 Crore
New Delhi, July 29, 2014: Escorts Limited today reported an increase in net profit from Rs 31.8 crore in the previous quarter to Rs 34.1 crore in the quarter ending June 30, 2014. The company recorded an increase of 14.7% in tractor volumes from 15,556 tractors in the previous quarter ended March 31, 2014 to 17,849 tractors in the first Quarter of fiscal 2014-2015.