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”.
Namibian Government Procures 28 Farmtrac Tractors
Escorts Limited is the first tractor manufacturing company from India to have supplied Farmtrac tractors along with farm equipment to Republic of Namibia in recent past. The first consignment of 28 tractors arrived at site which was then decided by Government of Namibia that this first consignment is to be meant for economic empowerment of esteemed war
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
Escorts Limited 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’ 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 Ranked 3rd Fastest Growing Company in India by Business World
Business World magazine recently recognised Escorts Limited as the third fastest growing company in India. In the category of Middleweights, Escorts was ranked high due to its impressive sales growth and CAGR.
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.
Escorts FY12-14 Profit Up 81% AT Rs. 245 Crore
New Delhi, May 28, 2014 Escorts Limited today reported a 81.2% growth in profit to Rs. 244.9 crore for the 18 months ended March 2014 as compared to Rs. 135.2 crore in the 18 months ended March 2013. The total tractor volume sales went up by 8.9% at 1,00,833 in current period as compared to 92,543 in the 18 months ended March 2013. EBITDA was up by 117 bps from 4.9 % in the 18 months ended March 2013 to 6.1 % in current fiscal.
Escorts brings Farmtrac Heritage Series to South Africa
New Delhi, May 14, 2014: Escorts Limited, India’s leading tractor manufacturer, today announced the launch of its most effective Farmtrac Heritage range at South Africa’s biggest agriculture show, NAMPO 2014. The Heritage range, after receiving tremendous response in last year’s “Agritechnica” at Hanover (Europe), is now being introduced in South Africa.
Dare to Imagine, Dare to Dream, Dare to think Differently
New Delhi, April 8, 2014: Escorts Limited, India’s leading tractor manufacturer, yesterday hosted Bharat Ratna Dr. APJ Abdul Kalam, former President of India, at its corporate office in Faridabad. Dr. Kalam addressed and interacted with the employees and also visited the Engine Test Laboratory at the Escorts’ Knowledge Management Centre.