Engineering conglomerate Escorts Group, is expecting to register a turnover of Rs 2,300 crore as of September 2010 from Rs 2,000 crore now (the company follows a October-September calendar year), on the back of new products, especially diesel generators. Shenu Agarwal, business head of Escorts Group, said, “We have got into a partnership with Fabricon Generators for manufacturing and marketing our products in East India. Fabricon is investing Rs 6 crore here to set up a new automated manufacturing facility, spread over 50,000 sq ft, for Escorts diesel generator (DG) sets.”
“We have close to seven such manufacturing and marketing tie-ups in the country. Our existing plants in India currently manufacture 100,000 units per annum,” said Agarwal.
Vivek Malik, DGM - sales, Escorts, said, “We have more than a million diesel engines in market supported by sales and service network. We have a 10 per cent share of the retail genset market and target to achieve 30 per cent in three years.” The company launched silent diesel generator sets in association with Fabricon, to cater to power demand and to keep up pace with technological advancement. These are priced between Rs 1.9 lakh and Rs 3.2 lakh for 10 KVA to 32.5 KVA models.