Escorts Kubota to invest ₹2,000 crore to expand manufacturing in Haryana by 2031

Escorts Kubota Ltd said on Wednesday it plans to invest up to ₹2,000 crore by 2031 to expand its manufacturing and research facilities in Haryana, focusing on the agriculture and construction equipment

sectors.

The announcement was made during a meeting between Chairman and Managing Director Nikhil Nanda, Kubota Corp’s Executive Vice President Shingo Hanada, and Haryana Chief Minister Nayab Singh Saini, along with other state officials, during their visit to Kubota’s plant in Osaka, Japan, the company said in an exchange filing.

The investment will be directed towards strengthening existing production capacity and R&D infrastructure in Haryana, the company added.

Escorts Kubota, based in Faridabad, Haryana, manufactures tractors, construction machinery, and railway equipment. Japan’s Kubota Corporation holds a controlling stake in the company.

Shares of Escorts Kubota ended 2.9% higher at ₹3,629.65 on the BSE.