# Kubota and Escorts form joint venture to build tractor plant in India

Kubota has signed an agreement with Escorts Ltd to form a joint venture and invest around €38 million in a new tractor factory in Faridabad, Haryana, India. The plant is expected to be operational in 2020 with capacity of 50,000 tractors per year.

- Type: Partnership
- Announced: 2019-02-20
- Where: Faridabad, Haryana, India
- Value: $43.0M (38.0M EUR)
- Status: announced
- Capacity: 50,000 tractors per year
- Products: tractors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kubota](https://endata.com/companies/5208.md)
- [Escorts](https://endata.com/companies/19266.md) (partner)

## Sources

- [agromaquinaria.co.uk](https://agromaquinaria.co.uk/kubota-crea-una-joint-venture-con-la-compania-india-escorts-ltd-n5153.html), 2019-02-20: "Invertirán conjuntamente alrededor de 38 millones de euros en una nueva fábrica de tractores en Faridabab, en el estado de Haryana, al norte de India, que debería estar operativa en 2020."

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