Escorts Kubota Ltd has announced plans to invest up to ₹2,000 crore by 2031 to expand its manufacturing and research & development facilities in Haryana. The investment aims to enhance production capacity across agriculture and construction equipment, supporting the company’s long-term growth and innovation strategy.
Investment Plans and Objectives
The announcement was made during a meeting in Osaka, Japan, attended by Escorts Kubota Chairman and MD Nikhil Nanda, Kubota Corporation Executive VP Shingo Hanada, and Haryana Chief Minister Nayab Singh Saini.
The ₹2,000 crore investment will be utilised to strengthen existing production lines and R&D infrastructure, focusing on tractors, construction machinery, and railway equipment.
Company Overview
Headquartered in Faridabad, Haryana, Escorts Kubota is a leading manufacturer of agriculture and construction equipment, with Japan’s Kubota Corporation holding a controlling stake. The expansion reflects the company’s commitment to boost manufacturing capabilities, foster innovation, and drive sectoral growth in India.
Summary
Escorts Kubota’s ₹2,000 crore investment plan in Haryana by 2031 marks a significant step in expanding production and R&D capacity for agriculture, construction, and railway equipment. The move strengthens the company’s long-term growth strategy, underscores its focus on innovation, and reinforces India’s position in advanced manufacturing in these key sectors.
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