Benchmarks
Nifty24,078.30-76.61

FEATURED FUNDS★★★★★

Motilal Oswal Midcap Fund Direct-Growth

5Y Return
23.26 %

Invest Now

Enter search text:

Business News›Industry›Auto›LCV & HCV›Escorts Kubota announces Rs 2,000 cr investment on new plant in UP

Read Today's Paper

Escorts Kubota announces Rs 2,000 cr investment on new plant in UP

Synopsis

Escorts Kubota will invest Rs 2,000 crore in a new manufacturing plant in Uttar Pradesh. This large facility will produce tractors, farm implements, and construction equipment for global markets. The plant's first phase will expand tractor capacity to sixty thousand units annually. This investment aligns with Kubota Corporation's 2030 growth strategy for India.

Agencies

New Delhi: Farm and construction equipment maker Escorts Kubota on Wednesday announced a Rs 2,000 crore investment to set up a new manufacturing plant in YEIDA industrial area, Uttar Pradesh.



The plant to be developed across 154 acres at Sector 10, Gautam Buddha Nagar, in the industrial area of the Yamuna Expressway Industrial Development Authority (YEIDA), will be one of the largest manufacturing facilities for its promoter Kubota Group across the globe, the company said in a regulatory filing.



The new plant will be developed in phases with total indicative investment outlay of over Rs 2,000 crore. It will manufacture tractors, farm implements, construction equipment and engines, and will cater to both domestic and global markets, it added.

He further said,"This greenfield facility and its scale reflect the role we expect India to play. India is no longer only a market for Kubota. It is becoming a manufacturing and engineering hub for Kubota globally."



Also read: CNH's India posts 42% jump in H1 tractor sales, eyes capacity boost as US tariff strain eases



The project is aligned with Kubota Corporation's mid-term business plan 2030, which identifies India as one of the group's growth drivers. The plan also sets out the intent to build a global hub for affordable manufacturing in India, the company said.



Escorts Kubota has an existing manufacturing capacity of approximately 1,70,000 tractors and 10,000 construction equipment units per annum, it added.



Escorts Kubota CMD Nikhil Nanda said Escorts began in 1944 with a simple conviction, that Indian farmers and builders deserve machinery built with the same rigour as anywhere in the world.



"This is one of the largest investments we have made in our own manufacturing capacity, and a defining moment in that journey. The plant will serve farmers and construction contractors across India and global markets, while strengthening the country's position as a manufacturing hub for the world," he added.



Escorts Kubota Ltd Deputy Managing Director, Akira Kato said the new facility will be an integrated manufacturing campus with machining, assembly, testing, engines and a mother warehouse for spare parts sitting on a single site.



"We are embedding the Kubota production system, automation and digital quality control from day one, along with energy-efficient utilities and rigorous safety standards," he added.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

(You can now subscribe to our WhatsApp channel)


Read More News on
escorts kubotaEscorts Kubota investmentnew manufacturing plant in Uttar PradeshKubota Group global manufacturing facilityRs 2000 crore investmenttractor and construction equipment manufacturingIndia tractor marketYamuna Expressway Industrial Development AuthorityKubota Corporation growth strategy 2030manufacturing hub for affordable manufacturing

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

Enter search text:

Stories you might be interested in