Kubota Expands In India

Kubota Corporation is making a major investment in Indian tractor maker Escorts Limited (EL) in a bid to further tap into the huge agricultural market in the country.

The total investment is approximately $145 million giving the Osaka, Japan headquartered Kubota a 9.1% stake in EL which is based in Haryana State and which was founded in 1944 and has 11,000 employees.  The company also makes construction and railway-related equipment.

In a further move, which the pair said strengthened their collaboration,  EL will buy a 40% stake in Kubota Agricultural Machinery India Pvt Ltd  which Kubota established in 2008 to gain a foothold in the Indian market and which makes a range of equipment including tractors, combine harvesters, transplanters, power tillers and implements.

In February this year Kubota and EL also established a joint manufacturing company and mass production is due to start this July.

In a statement Kubota said that through this investment in EL it intends to “increase its presence in India – the world’s largest tractor market – as well as its commitment to the competitive tractor market, which has massive growth potential, thus further expanding its business.”

Related Articles

ASV, Loftness Partner On Mulching Head
ExxonMobil and INNIO Sign Lubricant Link-Up
Bimotor Moves Beyond Engine Distribution
Mitsubishi Fuso Truck of America Exiting New Trucks
Senior Management Changes At Kohler
Construction Equipment Sales To Fall 19%: OHR
Epiroc Phases Out Concrete Spraying Line
ZF To Begin Production Of CeTrax E-Drive

Latest News

ASV, Loftness Partner On Mulching Head
ExxonMobil and INNIO Sign Lubricant Link-Up
Isolated DC/DC converters
Rajant Names Lederman VP of Artificial Intelligence
NFPA’s Numbers Show No Turn Yet
Agility Launches Improved ProRail CNG Fuel Systems
Hydraulic Tanks And Coolers
Bucher’s New Hydraulic Pumps, Motors
Kawasaki Hydraulics’ New Excavator System

Magazine Issue Archive

Diesel Progress International May-June 2020
Diesel Progress – May 2020
Diesel Progress – April 2020
Diesel Progress International March-April 2020
Diesel Progress – March 2020
Diesel Progress – February 2020
Diesel Progress International January – February 2020
Diesel Progress – January 2020
Diesel Progress – December 2019
Diesel Progress International November-December 2019

Login

Forgotten Password?

Haven’t got an account? Click here to register.