Escorts Limited sells its auto component business to Badve Engineering  [ India ]

On August 11, Escorts limited announced divestment of its OEM & export business of auto product division to Badve Engineering, Pune in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the agri-machinery, construction equipment and railway equipment. Escorts Auto component business comprise an extensive product basket catering t...