According to a March 20 report, Kubota Corp. has taken a 10% stake in Indian tractor manufacturer Escorts Ltd.
“The partnership, which will go beyond equity participation, will ‘integrate and deepen their relationship towards achieving their mutual ambition of global leadership,’” the Indian company said.
Escorts will acquire 40% stake in Kubota Agricultural Machinery India Pvt. Ltd (“KAI’), the marketing and sales company of Kubota in India. They said the partnership will be able to tap new avenues of growth in construction equipment and agriculture implements, leveraging strengths of both the parties. It will focus on products including earth moving equipment and smart agriculture implements, the two companies said.