# Tadano and Escorts form JV to manufacture cranes in India

Japanese crane manufacturer Tadano and Indian equipment manufacturer Escorts agreed to establish a joint venture in Faridabad, India, to manufacture Rough Terrain and truck cranes (20-80 tonnes). Tadano will own 51%, Escorts 49%, with initial capital of 600 million rupees ($8.6 million). Production is expected to start in Q3 of the financial year.

- Type: Partnership
- Announced: 2018-08-28
- Where: Faridabad, India, India
- Value: $8.60M
- Status: announced
- Products: Rough Terrain cranes, truck cranes
- 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

- [vertikal.net](https://vertikal.net/en/news/story/31225/tadano-and-escorts-agree-jv), 2018-08-28: "The new joint venture with Tadano is a step towards catering to market demand for smarter, safer and bigger mechanised infrastructure solutions in the higher tonnage category."

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