You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Escorts Kubota JV starts commercial production of Kubota Tractors

Capital Market 

Escorts has been informed by Escorts Kubota India (EKI) that they have started the commercial production of Kubota Tractors from 25 September 2020.

Escorts Kubota India (EKI) is a 60:40 Joint Venture between Kubota Corporation, Japan and Escorts.

The announcement was made after market hours on Friday, 25 September 2020. Shares of Escorts rose 4% to settle at Rs 1203.10 on Friday.

On a consolidated basis, the tractor maker's net profit rose 5.6% to Rs 92.58 crore on 24.4% decline in net sales to Rs 1,089.26 crore in Q1 June 2020 over Q1 June 2019.

The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 28 2020. 08:26 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU