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TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover excess of INR 12,500 crores. One of the largest [ 2 ] tractor manufacturer in the world and the second largest [ 1 ] in India by volumes, TAFE wields about 25% [ 3 ] market share of the Indian tractor industry ...
Mahindra Tractors (India) Erkunt (Turkey)(part of Mahindra) ArmaTrac; Mahindra; Mitsubishi Agricultural Machinery (Japan)(own 33.3%) Trakstar (formerly Mahindra Gujarat and Shaktimaan brands) Mancel (France) Majevica (Serbia) Massey Ferguson (US)(part of AGCO Corporation) McCormick Tractors (Italy)(part of ARGO SpA) Millat (Pakistan)
It is the 3rd largest manufacturer of tractors in India, with the capacity to produce 3.00,000 tractors a year, as of June 2017. The company has become the No.1 company in exports from India selling 35,000 tractors in FY 2021-2022 and is active in 150+ countries. [2] It manufactures tractors ranging from 20 HP to 125 HP.
The company is the largest tractor manufacturer in India [5] and has the capacity to build 150,000 tractors a year. [ 6 ] M&M produced its first tractor in 1963, the Mahindra B-275, by forming a joint venture with International Harvester to manufacture tractors carrying the Mahindra nameplate for the Indian market.
The first Escorts tractors were produced in 1961 based on Ursus license. [13] In 1969, a partnership with Ford was set up to produce licensed Ford tractors for India. [14] Escorts has a plant in Mrągowo, Poland, that was purchased from Pol-Mot in 2000, [15] and four plants in India.
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Mahindra Gujarat Tractors Limited, is a Farm Tractor manufacturer now part of Mahindra & Mahindra from the Government of Gujarat in 1999. It the oldest running tractor unit in India. The Mahindra Group has a 60% stake, the remaining 40% being held by the Government of Gujarat. Its best selling models is Hindustan 60.
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