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Kubota's Escorts deal set to shake up India's agri-machinery market

The Japanese leader in heavy machinery is set to take a majority stake in the Indian tractor-maker, as part of its move to expand in emerging markets, which will enhance Escorts' competitive edge 

November 22, 2021 / 09:18 AM IST
Kubota's Escorts deal set to shake up India's agri-machinery market

After testing the ground for a few years, Japan’s Kubota Corporation is set to gain a stronghold on India’s vast tractor and agri-machinery market. Japan’s oldest tractor firm (established in 1890), now among the world’s foremost heavy machinery makers, will fork out around Rs 9,400 crore to acquire a 53 percent controlling stake in Escorts Ltd, up from its present 10 per cent stake. What does the deal mean for Escorts, its promoter group--the Nandas, Kubota and the tractor and agri-machinery market? Here are the...

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