# Tadano and Escorts form joint venture to manufacture cranes in India

Japan's Tadano Ltd and India's Escorts Ltd formed a joint venture in August 2018 to manufacture high-capacity mobile cranes in India. Tadano holds 51% and Escorts 49%, with an initial investment of INR 60 crore (approx. USD 8.5 million). Production is expected to commence at Faridabad, Haryana in Q3 2018.

- Type: Partnership
- Announced: 2018-08-01
- Where: Faridabad, Haryana, India, India
- Value: $8.50M
- Status: announced
- Products: high-capacity mobile cranes (rough terrain and truck cranes, 20-80 ton capacity)
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md) (partner)
- [Escorts](https://endata.com/companies/19266.md) (partner)

## Sources

- [cranepedia.com](https://cranepedia.com/news/tadano-ties-up-with-indias-escorts-to-manufacture-high-capacity-cranes/), 2018-11-26: "Japan’s Tadano Ltd entered a joint venture with India’s leading engineering conglomerate, Escorts Ltd in August 2018 to manufacture high capacity mobiles cranes in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.