Tractors and Farm Equipment Limited

– Overview:
– TAFE is an Indian tractor manufacturer established in 1960 in Chennai.
– Annual turnover exceeds INR 12,500 crores.
– Holds about 25% market share in the Indian tractor industry.
– Partners with AGCO Corporation and Massey Ferguson brand for over 60 years.
– Operates in over 100 countries worldwide.

– Business Expansion:
– TAFE has diversified business interests beyond tractors.
– Acquired Eicher’s tractors, gears, and transmission components business in 2005.
– Operates six tractor plants, an engines plant, and other manufacturing facilities.
– Recently acquired Faurecia’s Indian Interior Business.
– Employs over 3,500 engineers and various specialists.

– Distribution Network:
– TAFE has a network of over 1600 dealers worldwide.
– Sells tractors under brands like Massey Ferguson, TAFE Tractors, Eicher Tractors, and IMT.
– Exports tractors independently and through partnerships.
– Manufactures tractors in Turkey for distribution through AGCO’s network.
– Provides a wide range of farm-machinery and other products.

– Partnerships and Shareholding:
– TAFE is a significant shareholder in AGCO Corporation, USA.
– TAFE’s collaboration with AGCO spans over 60 years.
– Manufactures tractors under Massey Ferguson brand.
– Holds a strong position in the global tractor market.
– Second largest tractor manufacturer in India by volumes.

– Recognition and References:
– TAFE is part of The Amalgamations Group, a leading light engineering group in India.
– Referred to as the world’s third-largest tractor maker.
– Various citations and references highlight TAFE’s achievements and acquisitions.
– Recognized for reinventing the tractor industry.
– TAFE’s impact on the agricultural and automotive sectors is widely acknowledged.