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03-Apr2018

Escorts divests entire shareholding in Escorts Asset Management

Escorts has sold its entire shareholding i.e. 30,00,000 equity shares (30%) in Escorts Asset Management (now Quant Money Managers). Accordingly, the said entity has been ceased as a subsidiary of the company with immediate effect.

Besides, Escorts Agri Machinery Segment (EAM) in March 2018 sold 11,790 tractors up by 66.5% as against 7,079 tractors in March 2017. The domestic sales for the month of March 2018 stood at 11,557 up by 64.8% as against 7,014 tractors in March 2017. Exports sales in March 2018 stood at 233 tractors up by 258.5% as against 65 tractors in March 2017.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.



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