It was the year 1965 when the first batch of tractors from Escort Agri
Machinery Group rolled out on the field with the brand name of Escort.
Today more than 600,000 tractors of the company are toiling under the
sun. Not only in India, the Escort tractors are also being exported to a
number of countries.
Quick Facts
| Year of Establishment |
1948 (Escort Agri Machinery Group) |
| Industry |
Agri Machinery (including tractors) |
| Business Group |
Escorts Limited |
| Presence |
Hinduja Group
- USA
- Poland
- Malaysia
- Ghana
- Kenya
- Tanzania
|
- Turkey
- Thailand
- Tunisia
- Sri Lanka
- Chile
- Australia
|
|
| Registered & Head Office |
Escorts Limited
Agri Machinery Group
18/4, Mathura Road,
Faridabad - 121 007
Haryana India
Tel: +(91)-(129)-5284911
Fax: +(91)-(129)-5284802 |
| Collaborations |
· Land Rover Leyland International Holdings Ltd. (LRLIH) -
UK based, jointly with IVECO. Hinduja Group is 100% holder of LRLIH
since July 2006. · In-house R&D with world leaders such as
Hino Motors and ZF. |
| Head Office |
19, Rajaji Salai Chennai 600 001 India Tel.:
+(91)-(44)-25342141 Fax: +(91)-(44)-25342493 |
| Website |
www.escortsagri.com |
Products (Tractors)
- Farmtrac Series
- New Farmtarac 70
- Powertrac Series
- Escort Series
Milestones
| 1948 |
launched Escorts
Agricultural Machines Limited. |
| 1958 |
Started importing MF tractor from Yugoslavia for marketing in
India. |
| 1960 |
A manufacturing plant was set up at Faridabad. |
| 1965 |
Industrial licence was acquired to manufacture URSUS/ ESCORT
tractors. |
| 1969 |
Signed a contract with Ford Motor Company to manufacture Ford
3000 model tractors. Established Escorts Institute of Farm
Mechanisation (EIFM) in Bangalore. |
| 1974 |
Exported 400 tractors to Afghanistan. |
| 1975 |
Turnover crossed the Rs. 200 million mark for ETL. Profit After
Tax Rs. 8.7 million. Maiden dividend of 10% declared. |
| 1977 |
Begining of Escorts Scientific Research Centre at Faridabad by
developing its own Engines for E-27 and E-37. |
| 1979 |
Turnover crossed the Rs. 50 crore mark. |
| 1979 |
Turnover crossed the Rs. 50 crore mark. |
| 1983 |
Established state-of-the-art R&D centre to spearhead newer
breakthroughs in Farm Mechanisation and to maintain industry
leadership. |
| 1984 |
75000th tractor rolled out. |
| 1988 |
Annualised turnover crossed Rs. 100 crores. Dividend: 45% for
15 months. |
| 1990-91 |
First Public Issue (February'91) over-subscribed four times.
Shares listed on Delhi and Bombay Stock Exchanges. |
| 1996 |
Disengagement of JV collaboration with New Holland and launch
of FARMTRAC Tractor. |
| 1997 |
A JV with an Italian company CARRARO was finalised to establish
a company in India for manufacturing and marketing of transmission
and axles. |
| 1998 |
Launched POWERTRAC series of tractors. A MOU was signed with
Long Manufacturing Company, USA for setting up a JV in USA. |
| 1999 |
A MOU for Joint Venture with a Polish Company POL-MOT was
signed for assembly, manufacturing and marketing of Farm Machinery. |
Company Flashback
The company pioneered farm mechanism in 1948 by
launching Escorts Agricultural Machines Limited by taking the franchise
from the U.SO. based Minneapolis Moline, Wisconcin only to market
tractors, implements, engines and other farm equipment. In 1960 it
starteed its own manufacturing from Faridabad.
Today, Escort Agri Machinery Group has a
nationwide network with over 600 dealers, 100 parts stockists and 30
area offices. Their national share stands at 20%. The company has
developed its own in-house state-of-the-art technology R&D facility.
The main focus of the R&D facility is to develop new and better
products - products that can offer improved performance with lower fuel
consumption and least maintenance and parts requirements.
Escorts
Limited