tractorgyan home logotractorgyan logo
tractorgyan rupee logo
hamburger icon

Escorts is now Escorts Kubota limited

Escorts is now Escorts Kubota limited image
By Team Tractor Gyan
Jun 14, 2022 12:00 am UTC
Share
facebook-iconlinkedin-icontwitter-iconwhatsapp-iconemail-icon

New Delhi, June 9, 2022: With reference to our earlier communication on 18th November 2021, Escorts Limited ("Escorts" or "Company") has received requisite approvals for the name change of the Company from "Escorts Limited" to "Escorts Kubota Limited" with effect from June 9, 2022.

Escorts and Kubota Corporation, Japan ("Kubota') had decided to strengthen their partnership aligned to their vision of global leadership in farm mechanization and spreading farming prosperity. Kubota has increased its equity stake in Escorts to 44. 8% by subscribing to new equity shares and through an open offer to the public shareholders of Escorts and also becoming a joint promoter of the Company along with existing promoters, the Nanda family, whose shareholding in the Company remains unchanged and Mr. Nikhil Nanda continues to be the Chairman and Managing Director (GMO) of the Company.

According to Mr. Nikhil Nanda, CMD, Escorts Kubota Limited, "Our partnership with Kubota in Escorts Kubota Limited has been welcomed by all our stakeholders and investors. Consequently, the process was completed smoothly. We are now well poised at a very interesting time in global history to contribute at much higher levels to India and the world's quest for food security, sustainable agriculture and smart agriculture.

Mr. Yuichi Kitao, President and Representative Director, Kubota, Japan, said, 'We are very pleased to partner with Escorts Kubota Limited at a time when we can combine our strengths to provide advanced farm mechanisation solutions to address global food security & enhanced farm productivity needs."

Read More Blogs

Escorts Agri Machinery sold 8,421tractors in May 2022, Up 31.1% yoy image

Faridabad, June 1st, 2022 : Escorts Ltd Agri Machinery Segment (EAM) in May 2022 sold 8,421 tractors, our highest ever May sales, registering a growth of 31.1 percent as against 6,423 tractors sold in May 2021. Domestic tractor sales in May 2022...

Mahindra Sells 34153 tractors In India During May 2022, Up 50% YOY image

Mumbai, June 1, 2022 : Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for May 2022. Domestic sales in May 2022 were at 34153 units, as against 22843 units during May...

Retail Tractor sales up by 215.75 percent YoY in May 2022 shows FADA Research image

FADA research shows an increase in some market sales from May 2021 to May 2022. The FADA research shows the increment over the sales by comparing May 2021 sales with May 2022 sales. The data analysis shows that the tractor industry has...

Write Your Comment About Escorts is now Escorts Kubota limited

+91
Review-Image

Frequently Asked Questions About Escorts is now Escorts Kubota limited Tractor Tyres

Tractor-iconTractorImplements-iconImplementsTyres-iconTyresTractor Finance-iconTractor Finance