Escorts ropes in IDBI to fund 2-wheeler project
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29/12/1997
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Financial Express (New Delhi)
Escorts Yamaha Motor Ltd has tied up with Industrial Development Bank of India (IDBI) and a consortium of other banks to raise funds for its Rs 525 crore two-wheeler project. The vehicle YBX 125 is equipped with a 11 bhp engine and offers mileage of about 75kms per litre and is the company's first four-stroke version.