NEW DELHI -- Escorts Ltd., India's third-largest tractor maker, is aiming to quintuple exports over the next three years by focusing on Africa and boosting contract manufacturing production for overseas brands, according to Managing Director Nikhil Nanda.
"The [African] continent could be our second home market going forward," Nanda told the Nikkei Asian Review in a recent interview. The populations of Africa and India are similar, but Nanda noted, African tractor sales last year were only about 46,000 as compared with around 700,000 for India in the year ended in March.
