NEWS

Escorts enters into JV with Amul Group for manufacturing Specialised Tractors

Tuesday, Apr 14, 2015

Tractor manufacturer Escorts Limited has entered into a Joint Venture with Rajkot based Amul Group for manufacturing specialty tractor - Steeltrac. Escorts had first joined hands with Amul Industries in 2012 for development & distribution of Steeltrac, a speciality tractor.

Steeltrac is a specialised tractor which is complimentary to general purpose tractors which can efficiently facilitate operations like inter-weeding for farmers growing row-crops such as groundnut, cotton and sunflower.

Steeltrac will additionally revolutionize by mechanizing local, short distance haulage in the country. The market for specialised tractors has been growing tremendously and this strategic investment will further enhance Escorts' commitment towards bringing a wider range of products to Indian farmers.

Chandubhai K. Santoki, Chairman, Amul Group, said, "Amul is known for providing world class quality products at unmatched cost. For manufacturing specialised-tractors, we have set up a modern production facility at Rajkot with a capacity to produce over 10,000 tractors per year. The Escorts-Amul partnership will go a long way in addressing the farmers with special needs."

 

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