Escorts, Tadano form JV to enhance crane business
Escorts enters into JV with Japan’s Tadano Group for higher capacity mobile cranes.

-  Tadano is Japan’s biggest and the world’s leading manufacturer of high quality mobile cranes.
-  The JV would introduce rough terrain cranes and truck mounted cranes in the country.

Escorts Ltd., one of the leading engineering conglomerates in the country, and Tadano Group, Japan’s biggest and world’s leading mobile crane manufacturer, have announced their joint venture to manufacture rough terrain cranes and truck mounted cranes. The JV will leverage the cost-effective frugal Indian engineering excellence of Escorts and world leading Japanese technology from Tadano to cater to an expanding market for heavier capacity and efficient Truck and Rough Terrain Cranes and sophisticated truck mounted and rough terrain cranes in the 20 to 80 tonnage category.
The 51:49 joint venture between the two companies will enable both partners to optimize their current and future capabilities in the segment globally. The JV will aim to take leading position in the high tonnage crane segment in medium to long term.

Says Nikhil Nanda, Chairman and Managing Director, Escorts Ltd., “The new joint venture with Tadano Group is a step towards catering to market demand for smarter, safer and bigger mechanized infrastructure solutions in the higher tonnage category. We are confident that the joint venture will enable us to tap the opportunity market segments and reinforce our leadership in construction equipment space.”
Adds Koichi Tadano, President and CEO, Tadano Ltd., Japan, “Escorts has a strong technology legacy and diversified portfolio in construction equipment market and Tadano has a proven global technology. Together, we will cater to India and other growing economies which require safe, efficient and quality products and smarter construction technology.”
Production by the joint venture is expected to commence at Faridabad in the third quarter of this financial year itself.
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