 "Escorts-Amul JV rolls out 1001st specialty tractor")
Escorts Ltd, the tractor manufacturer, and the Rajkot-based Amul Group, an auto component maker, have rolled out 1001st specialty tractor - Steeltrac - commemorating the formation of their joint venture. Escorts had joined hands with Amul Industries in 2012 for development and distribution of Steeltrac and elevated their relationship to that of strategic partnership few months ago.
Steeltrac is a specialised tractor which is complimentary to general purpose tractors which can efficiently facilitate operations like inter-weeding for farmers growing row-crops such as groundnut, cotton and sunflower.
Commenting on the occasion, Rajan Nanda, CMD, Escorts Ltd, said, "We are very happy with the way our partnership with Amul Group has progressed. Together we have experienced exponential growth in the specialised tractor market and the roll out of 1001st Steeltrac tractor is a manifestation of our sentiment."
Chandubhai Santoki, chairman, Amul Group, said, "The Escorts-Amul partnership is committed to address the farmer’s special needs. We have the capacity to produce over 10,000 tractors annually and this is a small but significant step towards realising our full potential."
Steeltrac is a specialised tractor which is complimentary to general purpose tractors which can efficiently facilitate operations like inter-weeding for farmers growing row-crops such as groundnut, cotton and sunflower.
Commenting on the occasion, Rajan Nanda, CMD, Escorts Ltd, said, "We are very happy with the way our partnership with Amul Group has progressed. Together we have experienced exponential growth in the specialised tractor market and the roll out of 1001st Steeltrac tractor is a manifestation of our sentiment."
Chandubhai Santoki, chairman, Amul Group, said, "The Escorts-Amul partnership is committed to address the farmer’s special needs. We have the capacity to produce over 10,000 tractors annually and this is a small but significant step towards realising our full potential."