Escorts becomes first company to get Budni Certification in India for electric tractors
Escorts Limited becomes the first and the only company in India to receive the CMVR certificate for electric tractors. Meanwhile, CMVR stands for Central Motor Vehicles Rules, 1989. After exports, the company now plans to launch electric tractors in the domestic market.
The company’s Agri machinery division (EAM) has received certification on January 18, 2021, from Central Farm Machinery Training & Testing Institute, Budni for its electric tractor with the description, ‘Escorts Limited, Farmtrac (26E) agriculture tractor manufactured by Escorts Limited’ that the same complies with the provision of Central Motor Vehicles rules, 1989.
In 2017, the company had showcased futuristic and eco-friendly electric tractor concept in the variants of mechanical & hydrostatic power transmission platform for sustainable and green agriculture. It started export of these tractors in 2019 and now with this certification, it’ll be making its presence in the domestic market too.
Escorts Limited generates business from its three key divisions - Escorts Agri Machinery (EAM) engaged in manufacturing tractors (77 per cent of revenues), Escorts Construction Equipment (ECE) engaged in manufacturing & trading in construction equipment products (15 per cent), and Railway Equipment Division (RED), which manufactures shock absorbers for railway coaches, centre buffer couplers, and brake systems (8 per cent).
On Tuesday, during the early morning session, the stock of Escorts was up by 2.5 per cent at Rs 1,298 from its previous close of Rs 1,266.45.