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Escorts planning to increase overall tractor production capacity to 1.8 lakh units annually

The company expects the overall tractor industry to grow in low double digits this fiscal as against low single digit projected earlier

Escorts is planning to increase its overall tractor production capacity to 1.8 lakh units annually to meet the current robust demand for which it will be investing Rs 100 crore in the remaining part of the fiscal. The company, which currently has an annual capacity of 1.2 lakh units, expects the overall tractor industry to grow in low double digits this fiscal as against low single digit projected earlier. The company will try to build up capacity once the current festive and sowing season is over in expectation of another round of strong demand coming in January-March period.

Escorts 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.