Mission Statement, Vision, & Core Values (2025) of Escorts Kubota Limited.

An Overview of Escorts Kubota Limited

General Overview of Escorts Kubota Limited

Escorts Kubota Limited, established in 1948, is one of India's leading engineering companies. The company has a rich history, emerging as a key player in the manufacturing of agricultural machinery, construction equipment, and railway equipment. Based in Faridabad, Haryana, Escorts Kubota operates a diversified portfolio that includes tractors, implements, and other agricultural products.

As of 2024, Escorts Kubota's product offerings include:

• Tractors
• Farm Equipment
• Construction Equipment
• Railway Equipment

The company has witnessed robust sales, with a reported revenue of ₹7,500 crore in the financial year 2023-2024, showcasing a strong growth trajectory in the agricultural sector.

Company's Financial Performance in the Latest Financial Reports

Escorts Kubota Limited reported record-breaking financial performance for the fiscal year ending March 2024. The company achieved a total revenue of ₹7,500 crore, reflecting a significant increase of 20% compared to the previous year. This growth was primarily driven by the exceptional demand for its tractor segment, with sales reaching 1,20,000 units, a year-on-year growth of 15%.

Key financial metrics from the latest financial reports are as follows:

Furthermore, the company's expansion into international markets has bolstered its growth, with exports contributing to approximately 18% of overall sales. This diversification strategy has positioned Escorts Kubota favorably within a competitive landscape.

Introduction to Company as a Leader in the Industry

Escorts Kubota Limited stands out as a leader in the agricultural and construction equipment sectors, renowned for its commitment to innovation and quality. The company's robust product lineup and strategic market initiatives have propelled it to the forefront of the industry. With a focus on sustainable practices, Escorts Kubota continually invests in research and development to enhance product offerings, ensuring alignment with the evolving needs of consumers.

The company's leadership position is further solidified by its comprehensive service network, which enhances customer satisfaction and loyalty. As the industry evolves, Escorts Kubota is well-positioned to capitalize on emerging opportunities, reinforcing its status as a key player in the global market.

Mission Statement of Escorts Kubota Limited

Mission Statement Overview

The mission statement of Escorts Kubota Limited defines its purpose and primary objectives. It acts as a guiding framework for the company's long-term goals and operational strategies. The current mission statement emphasizes innovation, quality, and customer satisfaction, aligning with the company's commitment to leading the market in high-performance products.

Core Component 1: Innovation

Innovation is central to Escorts Kubota's mission. The company aims to continuously develop advanced technologies that enhance efficiency and productivity in farming and construction. In FY 2022-23, Escorts Kubota invested ₹230 crore in research and development (R&D), focusing on sustainable technologies and digital transformation.

The launch of the new range of tractors with precision farming technology in 2023 is a testament to this commitment. These products have reportedly improved fuel efficiency by 15% compared to previous models.

Core Component 2: Quality

Quality assurance is another key element of Escorts Kubota's mission statement. The company is dedicated to delivering products that meet stringent quality standards. For instance, Escorts Kubota achieved an overall customer satisfaction score of 92% in the last customer survey conducted in Q2 2023.

In addition, the company maintains ISO 9001:2015 certification across its manufacturing facilities, demonstrating its adherence to international quality management systems.

Core Component 3: Customer Satisfaction

Customer satisfaction underpins all aspects of Escorts Kubota's operations. The company focuses on building long-term relationships with customers by offering exceptional service. As of 2023, the after-sales service satisfaction rate stands at 87%.

In 2023, Escorts Kubota also launched a customer feedback initiative that has led to a 20% improvement in response times for service requests, reinforcing its commitment to customer care.

Vision Statement of Escorts Kubota Limited

Strategic Focus on Innovation

Escorts Kubota Limited's vision reflects a strong commitment to innovation within the agricultural and construction sectors. The company aims to leverage cutting-edge technology to create advanced machinery and equipment.

In the fiscal year 2022-2023, Escorts Kubota reported a revenue of ₹3,313 crore, with a year-on-year growth of 14%, indicating a successful implementation of innovative practices.

During this period, the company invested ₹180 crore in research and development, emphasizing their focus on sustainable and technologically advanced solutions in their product lines.

Commitment to Sustainability

Another key component of Escorts Kubota’s vision is sustainability. The company aims to minimize environmental impact while enhancing productivity through eco-friendly products.

As part of this commitment, Escorts Kubota has set a target to reduce greenhouse gas emissions by 30% by 2030. In their latest sustainability report, they achieved a reduction of 12% in emissions in 2022-2023.

The company also aims to increase the share of electric and hybrid units in their portfolio, which constituted approximately 10% of total sales in 2022.

Global Expansion Goals

Escorts Kubota Limited envisions expanding its global footprint significantly. The goal is to enhance international revenues which accounted for 25% of total sales in 2022-2023, an increase from 20% in the previous year.

The company has plans to enter new markets in Africa and Latin America, targeting a revenue increase of 15% from these regions over the next two years.

Customer-Centric Approach

The vision of Escorts Kubota emphasizes a customer-centric approach, focusing on delivering exceptional service and tailored solutions. The company aims to enhance customer satisfaction ratings, which stood at 88% in the last survey.

To facilitate this, they have introduced a new digital customer engagement platform, aiming for a penetration rate of 70% among existing customers by the end of 2024.

Enhanced Productivity and Efficiency

Escorts Kubota also envisions improving productivity and efficiency in agriculture through mechanization. Their goal is to double the productivity of small and marginal farmers by providing modern machinery.

The company plans to launch 50 new models of tractors and agricultural equipment by 2025, with a strong emphasis on product efficiency and reliability.

Core Values of Escorts Kubota Limited

Integrity

Integrity is a cornerstone of Escorts Kubota Limited's operations. It fosters trust and accountability, essential for long-term relationships with customers, employees, and shareholders.

In 2024, Escorts Kubota implemented a comprehensive ethical compliance program, which includes regular training sessions for employees across all levels. In the fiscal year ending March 2023, over 95% of employees participated in integrity training workshops.

Furthermore, the company's commitment to integrity is reflected in its whistleblower policy, allowing employees to report unethical practices anonymously. In 2023, the company received 20 anonymous reports, all thoroughly investigated and addressed, demonstrating their dedication to transparency.

Innovation

Innovation drives growth and competitiveness at Escorts Kubota Limited. The company continually invests in research and development to stay ahead in the agricultural machinery sector.

In 2024, the R&D expenditure was approximately ₹200 crores, accounting for 3% of total revenue. This investment enabled the launch of several new products, including the advanced tractor model EMAX, which boasts up to 15% better fuel efficiency compared to previous models.

Additionally, the company has partnered with various tech startups to enhance its product offerings through advanced technologies like IoT and AI. In July 2023, a pilot project was launched for smart farming solutions integrated into their machinery, leading to a 30% increase in customer satisfaction ratings based on feedback.

Customer Centricity

Customer centricity is vital for Escorts Kubota, focusing on delivering exceptional value and service to its clients.

The company has established a Customer Relationship Management (CRM) system that manages over 1.5 million customer interactions annually. In 2023, customer feedback indicated a satisfaction rate of 88%, up from 75% in 2022.

Additionally, the launch of a new service initiative, 'Customer First,' in 2024, aims to provide 24/7 support, which has already led to a 20% reduction in service response times.

Sustainability

Escorts Kubota Limited emphasizes sustainability through environmentally friendly practices in its operations.

In 2024, the company achieved a reduction in carbon emissions by 25% compared to 2022 levels, aligning with its goal to achieve net-zero emissions by 2035. The implementation of solar panels at their manufacturing facility increased their renewable energy usage to 40% of total energy consumption.

Moreover, the introduction of the Eco-Friendly tractor line in 2023 received accolades for its low environmental impact, leading to an increase in sales by 18% in the sustainable segment.

Teamwork

Teamwork is essential for fostering collaboration and driving performance at Escorts Kubota Limited.

The company has implemented a cross-departmental task force that has increased project delivery efficiency by 15% since its inception in early 2023. Internal surveys indicate that 90% of employees feel more connected and engaged due to improved communication initiatives.

In 2024, team-building retreats are scheduled for all employees, aiming to further enhance camaraderie and collaboration across divisions. As a result, employee retention rates have risen to 85%, reflecting a positive workplace culture.