Escorts’ has completed the divestment of its Original Equipment Manufacturer (OEM) & Export business of Auto Products division to Pune’s Badve Engineering on December 6, 2016.
Earlier in August, the company had inked an agreement to sell its OEM & Export business of Auto Products division to Badve Engineering. The all-cash deal was part of the company’s planned strategic reorientation of the business to focus on core verticals in the agri-machinery, construction equipment and railway equipment.
Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.
