ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Escorts-Ford Collaboration

Hansavivek ESCORTS will float a new company in partnership with Ford Motor of the US for undertaking manufacture of 6,000 tractors of 46/50 hp per annum. Of the paid-up capital of Rs 2 crores of the new company, which will be a subsidiary of Escorts, 60 per cent will be subscribed by Escorts and the balance by Ford. Escorts' investment will be spread over three years commencing from mid-1969, and the first tractor is expected to be produced by the middle of 1970. Distribution, servicing and spare parts sales will be handled by Escorts.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top