Escorts Kubota plans to invest up to Rs 4,500 cr in new plant over next 3-4 years

Escorts Kubota Ltd plans to invest up to Rs 4,500 crore over the next three to four years in a new manufacturing plant in Rajasthan's Ghiloth. The plant aims to double domestic tractor production capacity to 3.4 lakh units annually and establish new engine and construction equipment lines. The greenfield project is expected to cost between Rs 4,000 crore to Rs 4,500 crore. Land procurement is slated for this fiscal year, with construction to commence by year-end.

from Auto-Industry-Economic Times https://ift.tt/xaKu0So