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Escorts enters into MoU with SBI

05 Jun 2013 Evaluate

Escorts, one of India's leading manufacturers of agriculture and infrastructure equipment has entered into Memorandum of Understanding (MoU) with State Bank of India (SBI) under which the bank will facilitate the company’s farm equipment with financial assistance to provide lease hire, sale and service.

As per the agreement, Escort will assist SBI in identifying eligible dealers and based on criteria the bank will provide financial assistance to the identified dealers.

Escorts offers 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.

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