Tractors and Farm Equipment Limited

Description

TAFE has a distribution network of over 1600 dealers which sells its tractors under four brands – Massey Ferguson India, TAFE Tractors, Eicher Tractors and IMT. TAFE exports tractors, and independently, for use in farms in over 80 countries all over the world.

Besides tractors, TAFE and its subsidiaries have business interests in areas such as farm-machinery, diesel engines and gensets, engineering plastics, gears and transmission components, hydraulic pumps and cylinders, passenger vehicle franchises and plantations.

Manufacturing

TAFE's plant at Turkey manufactures Stage 5 tractors for the Turkey market. TAFE acquired Eicher's tractors, gears and transmission components and engines business in 2005 through a wholly owned subsidiary, TAFE Motors and Tractors Limited (TMTL). With six tractor plants, an engines plant, two gears and transmission components plants, two engineering plastics units, two facilities for hydraulic pumps and cylinders, and a batteries plant besides other facilities. Recently TAFE acquired Faurecia's Indian Interior Business of Group FORVIA - The French Global Automotive Supplier, in December 2022. TAFE employs over 3,500 engineers, as well as a number of specialists in other disciplines.

TAFE is a part of The Amalgamations Group based at Chennai, one of India's largest light engineering groups, comprising 40 companies, involved in the design, development and manufacture of diesel engines, automobile components, light engineering goods, plantations and services.

Joint manufacturing

To enhance and complete the extensive range of engines produced by the Deutz AG across emission standards for both domestic and export markets, TAFE Motors and Tractors and Deutz AG will work together to jointly manufacture 30,000 engines in the 2.2L (50-75 hp) and 2.9 L (75-100 hp) displacements under license at TAFE Motors' manufacturing facility in Alwar, Rajasthan.

References

References

1. (2018-04-04). "World's third largest tractor maker swallows up IMT". Agriland.
2. Rajesh C. (23 September 2016). "She reinvented Tafe twice in two decades".
3. DaVinci Creatives. "TAFE {{!}} Corporate Profile {{!}} Tractor Sales {{!}} Tractors And Farm Equipment Limited". www.tafe.com.
4. "180,000 Tractors". smartinvestor.business-standard.com.
5. (2022-12-30). "TAFE acquires Indian interior systems business of Faurecia for ₹400 crore".
6. (2024-07-02). "TAFE Motors and Germany's Deutz sign pact for engine manufacturing in India".