Escorts ropes in IDBI to fund 2-wheeler project

  • 29/12/1997

  • 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.