As per the agreement, SAMIL is entitled to conduct exclusive bidding events at the dealers' premises of Escorts and facilitate disposal at its yards as well, the company said in a statement.
"Moreover, the company is also going to make a way out for Escorts' tractors through its online bidding platform and private treaty negotiated deals," it added.
Commenting on the partnership, SAMIL CEO Sameer Malhotra said: "A tie-up with Escorts is structured on the ground of providing a completely organised and transparent platform through which they can carry out the disposal of their pre-owned tractors."