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NSE
959.65
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Updated:02 Jun, 2020, 15:59 PM IST

BSE
958.45
Change Change %
-13.15 -1.35%

Updated:02 Jun, 2020, 16:01 PM IST

Escorts was incorporated in the year 1944 as Escorts Agents. It has played a pivotal role in the agricultural growth of India for over five decades. One of the leading tractor manufacturers of the country, Escorts offers a comprehensive range of tractors, more than 45 variants starting from 25 to 80 HP. Escort, Farmtrac and Powertrac are the widely accepted and preferred brands of tractors from the house of Escorts.

A leading material handling and construction equipment manufacturer, the company manufactures and markets a diverse range of equipment like cranes, loaders, vibratory rollers and forklifts. The company today is the world’s largest Pick 'n' Carry Hydraulic Mobile Crane manufacturer.

In today’s global marketplace, Escorts is fast on the path of an internal transformation, which will help it to be a key driver of manufacturing excellence in the global arena. For this, the company going beyond just adhering to prevailing norms; it is setting its own standards and relentlessly pursuing them to achieve its desired benchmarks of excellence.

Products

1) Tractors  

  • Farmtrac 
  • Powertrac 
  • Escort 

2) Engines 3) Implements & Trailors 4) Lubricants 5) ECEL   

  • Hydraulic Mobile Cranes 
  • 3600 Slew Cranes 
  • Compactors 
  • Forklifts 
  • Articulated Boom Cranes 

6) Railway Equipment 7) Auto Component

History

  • 1944 – Launch of Escorts (Agents).
  • 1948 – Pioneered farm mechanization in the country by launching Escorts Agricultural Machines, with a franchise from US–based Minneapolis Moline, for marketing tractors, implements, engines & other farm equipment. Launch of Escorts (Agriculture and Machines).
  • 1949 – Franchise of Massey Ferguson tractors for northern India.
  • 1951 – Escorts established India’s first private Institute of Farm Mechanisation at Delhi.
  • 1953 –Escorts (Agents) and Escorts (Agriculture and Machines) merged to form Escorts Agents.
  • 1954 – 1st industrial venture of Escorts to manufacture piston rings in collaboration with Goetze of Germany, in an era when joint ventures of Indian firms with foreign companies were virtually unheard of.
  • 1958 – Started importing Massey Ferguson tractors from Yugoslavia for marketing the same in India.
  • 1959 – Collaboration with Mahle of Germany to manufacture pistons. Soon, Escorts became the largest producer of piston assemblies in India.
  • 1960 – Setting up of Escorts.
  • 1961– Setting up of manufacturing base at Faridabad for manufacture of tractors in collaboration with URSUS of Poland and 50% indigenous components. Launch of Escort brand of tractors. Collaboration with CEKOP of Poland for manufacture of motorcycles and scooters. Escorts moves into high gear by nurturing the two wheeler culture. The first Rajdoot motorcycle rolls off the assembly line.
  • 1969 – Escorts Tractors was born. A technical and financial joint venture with the global giant Ford Motor Company, USA, to manufacture Ford tractors in India. The years ahead saw Escorts grow as the largest tractor manufacturer in India.
  • Escorts Institute of Farm Mechanisation (EIFM) established at Bangalore.
  • Escorts Employees Ancillaries (EEAL), a unique venture in industrial democracy comes into being.
  • 1971 – 1st February, the first tractor Ford 3000 rolled out of the factory.
  • 1974 – Crossing national boundaries, Escorts exports for the first time. After winning a global tender, 400 tractors were exported to Afghanistan, which was perhaps the world's largest ever airlift of tractors.
  • 1976 – Ford 3600, an advancement in Farm Mechanisation launched. Trial production of in–plant manufacturing of engine parts (Block & Head).
  • 1977 – Escorts enters the world of self–developed technology by setting up its first independent R&D Center. Escorts Scientific Research Centre marked its beginning at Faridabad by developing its own Engines for E–27 and E–37. Due to constant technology absorption, indigenisation level touched 72% for Ford tractors. 2nd plant at Bangalore for manufacturing piston assemblies was set up.
  • 1979 – Collaboration with JCB Excavators, UK for manufacture of excavators.
  • 1980 – Foray into healthcare, Escorts Hospital and Research Center set up in Faridabad.
  • 1983 – Escorts Tractors (ETL) established a state–of–the–art research and development centre to spearhead newer breakthroughs in farm mechanisation and to maintain industry leadership. Line concept introduced for engine block machining. 11,000 tonne floating dry–dock Escorts I launched.
  • 1984 – JV Escorts–Yamaha to manufacture motorcycles.
  • 1984 – Signing of agreement with the Japanese bike giant Yamaha to manufacture motorcycles with Yamaha technology. Collaboration with Jeumont Schneider of France to manufacture EPABX systems Collaboration with Dynapac of Sweden to manufacture vibratory road compactors.
  • 1985 – Escorts Tractors (ETL) offered its first bonus issue (1:1).
  • 1988 – Escorts Heart Institute and Research Centre (EHIRC), a world class cardiac care facility was launched in New Delhi.
  • 1989 – Joint Venture with Claas of Germany to manufacture harvester combines.
  • 1990–91 – First public issue in February 1991, over–subscribed four times. Shares listed on Delhi and Bombay Stock Exchanges.
  • 1993 – Ford 3620 tractor launched.
  • 1996 – Disengagement of joint venture collaboration with New Holland and launch of FARMTRAC Tractor.
  • 1997 – Joint Venture with Carraro of Italy for manufacturing and marketing of transmission and axles. Joint Venture with First Pacific Company of Hong Kong – Escotel Mobile Communications.
  • 1998 – POWERTRAC series of tractors launched.
  • MoU was signed with Long Manufacturing Company, USA for setting up a joint venture in USA.
  • 1999 – MoU for Joint Venture with a Polish company POL–MOT was signed for assembly, manufacturing and marketing of farm machinery.
  • 2004 – Divested Escotel Mobile Telecommunications to Idea Cellular.
  • 2005 – Divested Escorts Heart Institute and Research Centre (EHIRC) to Fortis Healthcare.
  • 2006 – Divested in Carraro India.
  • 2006 – Escorts sets up Rs 25 Crore facility in Uttaranchal for manufacture of auto components and railway equipment.
  • 2007 – Escorts Construction Equipment (ECEL) launches TRX series of Pick–n–Carry Cranes in the 23T, 17T and 16T Category.
  • 2008 – Escorts Construction Equipment ties up with Construction Industry – Development Council to provide accredited training programs.
  • 2009 – Escorts Construction Equipment. Ties up with Zoomlion, China.
  • 2011
    –Escorts Ltd. signs exclusive agreement with European firm for disc brake system for railway coaches.
  • 2012
    –Escorts launches New Powertrac Ds–Plus Tractors in Hyderabad
    –Escorts ties up with Amul Industries for Mini Tractors.
    –Escorts launches India's first Executive Tractor.

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