Background: Escorts Ltd (ESC) is one of India's prominent players in the Automotive / Tractor industry, with an overall market share of 11.2% 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 4QFY20: Agri machinery (77.0 %), Construction equipment (15.0%), and Railway equipment (8.0%). The company has collaborations with seven Technology giants- Microsoft, Reliance Jio, Trimble, Samvardhana...