Escorts is planning a capital expenditure of Rs 350-400 crore in FY23. The company is looking at a positive outlook for all its three business verticals, agri machinery, construction equipment and railways.
The company is in the process of formulating a mid-term business plan, along with partner Kubota of Japan.
The investment plan, detailing focus areas in product and capacity development, is likely to be finalised in the next five to six months.