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Escorts Kubota planning to invest Rs 4,500 crore over next 3 to 4 years for new plant

13 May 2024 Evaluate

Escorts Kubota is planning to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant. The company is currently in talks with the Rajasthan government for a site at Ghiloth, where it intends to set up the greenfield plant to double its domestic tractor production capacity to 3.4 lakh units annually, while also setting up new engine and construction equipment lines in phases. The greenfield plant will involve doubling tractor production capacity, setting up a new engine line and a construction equipment line in phases. 

Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.


Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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