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Escorts Kubota’s arm gets RBI certification to commence business of non-banking financial institution

27 Sep 2024 Evaluate

Escorts Kubota’s wholly owned subsidiary -- Escorts Kubota Finance has been granted Certificate of Registration (COR) by the Reserve Bank of India (RBI) to commence the business of non-banking financial institution without accepting public deposits.

Earlier, Escorts Kubota’s Agri Machinery Business Division had sold 5,614 tractors in August 2024, registering a growth of 0.4 percent as against 5,593 tractors sold in August 2023. 

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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