NIFTY 50

Kubota joint venture to start production in June 2021: Escorts

Updated : November 18, 2020 11:24 AM IST

Escorts is planning to increase its annual tractor production capacity as demand has been quite strong.

“(It) will take a year for the capacity to rise,” said Bharat Madan, Group CFO of Escorts in an interview to CNBC-TV18.

“Kubota joint venture has earmarked a capacity of 30,000 tractors for Escorts, which should come into production around June next year,” he said.

“The idea is to take the capacity to 2 lakh units per annum,” Madan said, adding that retail sales have been strong.

Escorts expects second half revenue growth to be much stronger than that in the first half of the year.

For entire interview, watch video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you