Escorts has executed the business transfer agreement for transferring the existing RT Crane Business of the company as a going concern on a slump sale basis to the Joint Venture (JV) for an amount not exceeding Rs 35 crore.
Earlier, the company had entered into JV with Tadano, Japan for higher capacity mobile cranes.
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.
