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It was the year 1965 when the first batch of tractors from Escort Agri Machinery Group rolled out on the field with the brand name of Escort. Today more than 600,000 tractors of the company are toiling under the sun. Not only in India, the Escort tractors are also being exported to a number of countries.
| Year of Establishment | 1948 (Escort Agri Machinery Group) | ||
| Industry | Agri Machinery (including tractors) | ||
| Business Group | Escorts Limited | ||
| Presence | Hinduja Group
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| Registered & Head Office | Escorts Limited Agri Machinery Group 18/4, Mathura Road, Faridabad - 121 007 Haryana India Tel: +(91)-(129)-5284911 Fax: +(91)-(129)-5284802 |
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| Collaborations | · Land Rover Leyland International Holdings Ltd. (LRLIH) - UK based, jointly with IVECO. Hinduja Group is 100% holder of LRLIH since July 2006. · In-house R&D with world leaders such as Hino Motors and ZF. | ||
| Head Office | 19, Rajaji Salai Chennai 600 001 India Tel.: +(91)-(44)-25342141 Fax: +(91)-(44)-25342493 | ||
| Website | www.escortsagri.com |
| 1948 | launched Escorts Agricultural Machines Limited. |
| 1958 | Started importing MF tractor from Yugoslavia for marketing in India. |
| 1960 | A manufacturing plant was set up at Faridabad. |
| 1965 | Industrial licence was acquired to manufacture URSUS/ ESCORT tractors. |
| 1969 | Signed a contract with Ford Motor Company to manufacture Ford 3000 model tractors. Established Escorts Institute of Farm Mechanisation (EIFM) in Bangalore. |
| 1974 | Exported 400 tractors to Afghanistan. |
| 1975 | Turnover crossed the Rs. 200 million mark for ETL. Profit After Tax Rs. 8.7 million. Maiden dividend of 10% declared. |
| 1977 | Begining of Escorts Scientific Research Centre at Faridabad by developing its own Engines for E-27 and E-37. |
| 1979 | Turnover crossed the Rs. 50 crore mark. |
| 1979 | Turnover crossed the Rs. 50 crore mark. |
| 1983 | Established state-of-the-art R&D centre to spearhead newer breakthroughs in Farm Mechanisation and to maintain industry leadership. |
| 1984 | 75000th tractor rolled out. |
| 1988 | Annualised turnover crossed Rs. 100 crores. Dividend: 45% for 15 months. |
| 1990-91 | First Public Issue (February'91) over-subscribed four times. Shares listed on Delhi and Bombay Stock Exchanges. |
| 1996 | Disengagement of JV collaboration with New Holland and launch of FARMTRAC Tractor. |
| 1997 | A JV with an Italian company CARRARO was finalised to establish a company in India for manufacturing and marketing of transmission and axles. |
| 1998 | Launched POWERTRAC series of tractors. A MOU was signed with Long Manufacturing Company, USA for setting up a JV in USA. |
| 1999 | A MOU for Joint Venture with a Polish Company POL-MOT was signed for assembly, manufacturing and marketing of Farm Machinery. |
The company pioneered farm mechanism in 1948 by launching Escorts Agricultural Machines Limited by taking the franchise from the U.SO. based Minneapolis Moline, Wisconcin only to market tractors, implements, engines and other farm equipment. In 1960 it starteed its own manufacturing from Faridabad.
Today, Escort Agri Machinery Group has a nationwide network with over 600 dealers, 100 parts stockists and 30 area offices. Their national share stands at 20%. The company has developed its own in-house state-of-the-art technology R&D facility. The main focus of the R&D facility is to develop new and better products - products that can offer improved performance with lower fuel consumption and least maintenance and parts requirements.
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