Escorts, a Delhi-based tractor and farm equipment manufacturer will enter into the manufacturing of railway wagons. It will also launch a slue of tractors in the coming years. Its foray into railways is a part of its strategy to diversify across business verticals besides agricultural machinery and infrastructure.
“We would be launching new tractors to keep the market exciting and aggressively increase our market share by expanding our dealership base in western and southern markets. Besides we would foray into making wagons for the Metro and the Monorail segment from our Railway division”, said Nikhil Nanda, Escorts’ joint MD.
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