Escorts Kubota Limited

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Escorts Kubota Limited
Company type Public
BSE:  500495 NSE:  ESCORTS
Industry Agricultural machinery
Automotive
Engineering
Founded1944;80 years ago (1944)
Founder
Headquarters Faridabad, Haryana, India
Area served
Worldwide
Key people
Nikhil Nanda (Chairman and MD)
Products
RevenueIncrease2.svg9,248 crore (US$1.1 billion) (FY 2024) [1]
Increase2.svg1,048 crore (US$130 million) (FY 2024) [1]
Number of employees
14,510 (2024)
Website www.escortsgroup.com

Escorts Kubota Limited, formerly Escorts Limited, is an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. Its headquarters are located in Faridabad, Haryana. The company was launched in 1944 and has marketing operations in more than 40 countries. Escorts manufactures tractors, automotive components, railway equipment, and construction and material handling equipment. [2]

Contents

Escorts Kubota Limited's management team includes Nikhil Nanda as the Chairman and Managing Director and Seizi Fukuoka as Deputy Managing Director. [3] [4] [5]

History

Escorts Limited was originally founded as Escorts Agents Ltd. in 1944 by brothers Har Prasad Nanda and Yudi Nanda. They started a family owned business, Nanda Bus Company, in Lahore.

Escorts Limited was founded in 1960 after the company set up its manufacturing base at Faridabad and began manufacturing agricultural machinery, x-ray machines with Westinghouse and heating elements with Elpro. [6]

Businesses

Escorts Agri Machinery

Escorts Agri Machinery was launched in 1960. The company manufactures tractors under the brand names Farmtrac, Powertrac, and Steeltrac. [7] The first Escorts tractors were produced in 1961 based on Ursus license. [8] In 1969, a partnership with Ford was set up to produce licensed Ford tractors for India. [9]

Escorts has a plant in Mrągowo, Poland, that was purchased from Pol-Mot in 2000, [10] and four plants in India. There was an assembly plant in Tarboro, North Carolina, that was purchased from Long Agri, but the North American subsidiary went into receivership in 2008. [11]

Escorts Kubota – Construction Equipment

Escorts Kubota Limited – Construction Equipment manufactures and markets construction and material handling equipment like Safe Cranes, Hydra Cranes, backhoe loaders & compactors. Formerly, Escorts Construction Equipment Limited, they have more than five decades of experience and have established themselves as a trusted partner for all the construction equipment needs. Their manufacturing and assembly facility is located in Faridabad, Haryana. [12]

Railway Equipment Division

The Railway Equipment Division manufactures and supplies critical railway components such as air brake systems, EP brake systems, draft gears and couplers, composition brake blocks, dampers, and rubber components to the Indian Railways. The manufacturing facility is located in Sector 24, Faridabad.

Escorts Auto Products

Escorts Auto Products manufactures auto suspension products such as shock absorbers, struts, and telescopic front forks for the automotive industry. The company collaborated with Fichtel & Sachs to introduce the concept of shock absorbers to be manufactured in India in 1966. In 2016, Escorts' Auto Products business was divested to Pune-based Badve Engineering. [13]

Motorcycles

The motorcycle division of Escorts group used to manufacture Polish SHL M11 175 cc (10.7 cu in) motorcycles under the brand name Rajdoot from the early 1960s until 2005. [14]

In the early 1980s, Escorts started making Yamaha motorcycles in India. Rajdoot 350 was launched in 1983, which was later followed by the Yamaha RX 100 in 1985. The "RX" name signified "Rajdoot × Yamaha". [15] The motorcycle manufacturing unit in Faridabad, India, was sold to Yamaha in 2001 when Escorts decided to quit the motorcycle business to concentrate on tractors and auto components. [16] [17]

Knowledge Management Centre

The Escorts Knowledge Management Centre (KMC) was created in 1976 and is spread over 100,000 square metres (0.039 sq mi) in Faridabad. [18] The centre designs tractors. It has facilities such as an engine laboratory that has computerised test beds with online control, data acquisition, and analysis; an advanced vehicle testing laboratory; a noise vibration and harshness lab; a metrology lab; and a materials engineering lab. [19]

Related Research Articles

<span class="mw-page-title-main">Faridabad</span> Metropolitan City in Haryana, India

Faridabad(Hindi pronunciation:[fəɾiːdɑːbɑːd]) is the most populous city near NCT of Delhi in the Indian state of Haryana and a part of Delhi National Capital Region. It is one of the major satellite cities around Delhi and is located 284 kilometres south of the state capital, Chandigarh. The river Yamuna forms the eastern district boundary with Uttar Pradesh. The Government of India included it in the second list of Smart Cities Mission on 24 May 2016. As per the 2021 Delhi Regional Plan, Faridabad is a part of the (CNCR) Central National Capital Region or (DMA) Delhi metropolitan area.

<span class="mw-page-title-main">Kubota</span> Japanese multinational corporation based in Osaka

Kubota Corporation is a Japanese multinational corporation based in Osaka. It was established in 1890. The corporation produces many products including tractors and other agricultural machinery, construction equipment, engines, vending machines, pipe, valves, cast metal, pumps, and equipment for water purification, sewage treatment and air conditioning.

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles.

<span class="mw-page-title-main">BEML</span> Indian heavy equipment manufacturer

BEML Limited, formerly Bharat Earth Movers Limited, is an Indian public sector undertaking which manufactures a variety of heavy equipment, such as that used for earth moving, railways, transport and mining. It is headquartered in Bangalore. BEML is Asia's second-largest manufacturer of earth moving equipment. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048".

HMT Limited, formerly Hindustan Machine Tools Limited, is an Indian state-owned manufacturing company under the control of the Ministry of Heavy Industries, Government of India. It was founded in 1953 as a machine tool manufacturing company, diversifying into watches, tractors, printing machinery, metal forming presses, die casting and plastic processing machinery, and CNC systems and bearings. HMT is headquartered at Bangalore.

The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.

Pol-Mot Holding SA is a Polish holding company based manufacturer of agricultural equipment. Pol-Mot was established in 1968; it controlled the whole international trade and collaboration of Polish automotive industry, inclusive with license contracts.

<span class="mw-page-title-main">Rajdoot 350</span> Type of motorcycle

The Rajdoot 350 , also known as the RD, was a two-stroke Yamaha motorcycle made in India by Escorts group from 1983 to 1989. RD stands for 'Race derived', in India promoted by Rajdoot in collaboration with Yamaha Japan.

Mahindra & Mahindra is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian vehicular market include Maruti Suzuki India and Tata Motors. Dr. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.

<span class="mw-page-title-main">Tractors in India</span> Overview of Indian tractor industry

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<span class="mw-page-title-main">Yamaha RX-K / RX-King 135</span> Type of motorcycle

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<span class="mw-page-title-main">Nikhil Nanda</span> Indian businessman (born 1974)

Nikhil Nanda is an Indian industrialist. He is the Chairman and Managing Director (CMD) of Escorts Kubota Limited, an Indian multinational engineering conglomerate that specialises in agricultural, construction and railways equipment and machinery. He is a third-generation entrepreneur, being the grandson of Raj Kapoor and Har Prasad Nanda, who founded the company in 1944, and son of Rajan Nanda, who served as the CMD of the group util August 2018.

<span class="mw-page-title-main">Two-wheel tractor</span> Tractor with only one axle

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<span class="mw-page-title-main">Mahindra Tractors</span> Indian farm equipment manufacturer

Mahindra Tractors is an Indian agricultural machinery manufacturer. It is part of the Mahindra & Mahindra corporation. In 2010, Mahindra became the world's highest-selling tractor brand by volume. Mahindra's largest consumer base is in India. It also has a growing market in North America and Australia. The company is the largest tractor manufacturer in India and has the capacity to build 150,000 tractors a year.

PT United Tractors Tbk is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 representative offices, and 54 support points as well as other service installations.

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<span class="mw-page-title-main">Runner Automobiles</span> Motorcycle manufacturer company of Bangladesh

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References

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  3. "How Nikhil Nanda is transforming Escorts to recapture it's lost ground".
  4. Bhandari, Bhupesh (21 January 2015). "Can Nikhil Nanda turn around Escorts". Business Standard India.
  5. "Nikhil Nanda wants exports to drive growth". DNA Website. 18 August 2014.
  6. "Overview". escortsgroup.com. Retrieved 23 August 2021.
  7. "Escorts forms JV with Amul Group for Specialised Tractors". Hindu Business Line. 13 April 2015.
  8. "History & Milestones".
  9. "Agriculture Tractor, Farming Equipment & Machinery Manufacturer's in India- Escorts Agri Machinery". escortsgroup.com.
  10. "Farmtrac". farmtrac.com.pl. Archived from the original on 17 October 2007. Retrieved 14 January 2022.
  11. "TractorData.com - Farmtrac stops production". tractordata.com.
  12. "Construction Equipment Manufacturers & Suppliers in India, Construction Equipment Company in India | Escorts ECE".
  13. Rao, Rakesh (11 August 2016). "Escorts divests auto products business to Badve Engineering". Business Standard India. Business Standard.
  14. (in Polish) Adam Zakrzewski, Auto-moto PRL: władcy dróg i poboczy, Demart, Warsaw 2010, ISBN   978-83-7427-484-5, p.131
  15. Wicaksono, Kukuh (10 October 2017). "Kisah Cikal Bakal Lahirnya Yamaha RX-King" [The Story of the Origin of the Yamaha RX-King]. Autos.id (in Indonesian). Archived from the original on 21 July 2024.
  16. "Archive News". The Hindu.
  17. "10 Forgotten Bikes of India". 30 June 2016.
  18. "Loading..." shreyaescorts.com.
  19. "Escorts Knowledge Management Centre in Faridabad, Haryana, India – Company Profile". tradeindia.com. Retrieved 23 August 2021.