Sector: Commercial Vehicles /Mid-Cap | Earnings Update 3QFY18 Background: Escorts Ltd (ESC) is one of India's prominent players in the Automotive / Tractor industry, with an overall market share of 10.4% (in 3QFY18) in the domestic tractor industry. ESC is also present in construction and material handling equipment, such as cranes, compactors and forklifts with 55% market share in material handling segment. Revenues share by segment in FY17: Agri machinery (80.0 %), Constriction equipment (14%), and Railway...