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Escorts Announces Senior Appointments in Group Companies

Kamal Bali joins as CEO, Escorts Construction Equipment Limited (ECEL) and Inderjit Singh as Head-Knowledge Management Center of Agri Machinery Group (AMG)

New Delhi, February 6, 2007- Escorts, India's leading manufacturer and supplier of Agri Machinery Products, Construction and Material Handling Equipment, Auto Suspension and Ancillary Products and Railway Equipment, today announced key appointments at top levels in its two group companies.

Mr. Kamal Bali joins as CEO, Escorts Construction Equipment Limited (ECEL) Till recently he was the Managing Director and CEO of the Italian tractor manufacturing company Same Deutz-Fahr, India. He had started his career with Eicher Limited. Mr. Bali has also been associated with the Escorts Group earlier and was looking after all India sales for the Agri Machinery Group. On his appointment, Mr. Rajan Nanda, the Chairman of Escorts said, "The infrastructure Industry is witnessing spiralling growth and we have a great opportunity on our hands. We are confident that Mr. Kamal Bali with his strong business orientation and leadership capabilities will drive the position of ECEL to that of a dominant player in the Construction Equipment segment."

Mr. Inderjit Singh joins as Head - Knowledge Management Center (KMC), Agri Machinery Group Prior to joining Escorts Ltd, Mr. Inderjit Singh was working as Vice President (R&D), Mahindra & Mahindra (FES). He had developed the first indigenous Turbocharged tractor and was the recipient of M & M Innovation Award for cost effective transmission design. Earlier, he has worked with Nisin Car Industries as the Head of Engineering and followed it with a stint in the R&D department of Punjab Tractors. On his appointment, Mr Rajan Nanda, the Chairman of Escorts said, "he brings with him considerable and in-depth experience in new product development process. As Head- KMC, he will seamlessly integrate Knowledge Management Process with the overall business strategy of the agri machinery business to create value for customers. His rich experience in the field of automotive design will significantly improve our competitive advantage."