The 'Massey Service Utsav' would provide best in class service in over 1,500 authorised workshop under the guidance of over 3,000 well trained mechanics across the country, a company statement said here.
Launched in 37 hp, 39hp and 42hp, the new Yuvo Tech+ is powered by Mahindra's new mZIP 3-cylinder engine, which comes with higher cubic capacity technology. The three tractor models are Tech+, Tech+ 405 and Tech+ 415.
India recently rolled out auto PLI schemes that incentivize electric tractors also. In this backdrop, at the 2nd Edition of ETAuto Farm Equipment Submit, Nabeel A Khan had a keynote interview with Jay Iyengar, Chief Technology Officer of the Amsterdam-headquartered CNH Industrial Inc., to understand how the global tractor market is placed in terms of electrification and alternative fuels and what India can offer to the global market. Edited Excerpts:
The service aims to give them access to safer and more affordable commute options and provide another avenue of earning for auto drivers present in the city, the company said.
According to Road Transport and Highway Minister, farmers will be able to save more than $1 trillion on fuel costs annually, which will improve their livelihoods.
Automobile demand in June has remained skewed in favour of passenger vehicles (PVs) and tractors, said Motilal Oswal Financial Services (MOFSL) in a report.
The agency lowered the growth outlook saying that downside risks to these estimates emanate from spells of unfavourable rainfall leading to crop damage and a resurgence in Covid cases.
“The vaccination drive will continue until the company administers the second dose to the workforce as per government policies and fully ensure their health and safety,” the company said in a media release.
The decision to allow the retrofitting is aimed at promoting the use of cleaner fuels and extending the lifespan of vehicles used in farming. It comes after road transport and highways minister Nitin Gadkari launched India’s first CNG tractor converted from a diesel-based engine.
The company has registered a growth rate of 41.6% over FY20 volumes, which is the highest in the industry and beaten the industry growth rate (est.26.7 %) by a significant margin, the company claims.
The world's largest farm equipment producer expects annual net income in the range of $4.6 billion to $5.0 billion, higher than the $3.6 billion to $4.0 billion forecast earlier.
Dynatrack has an extendable wheelbase for agricultural, haulage and commercial applications. It also offers maximum ground clearance for all-terrain operations including puddling and easy crossing of bunds. Its longer wheelbase and heavy-duty front bumper provide more stability, while handling heavy-duty equipment like loaders and dozers with ease.
Gadkari added that the government was making concerted efforts towards transition to electric mobility. “Within the next two years, I can assure you that the cost of electric vehicles will be the same as petrol and diesel-run vehicles,” he said.
The recovery in sales has been stronger than expected across segments, excluding the three-wheelers, driven by pent-up demand, positive agri-economics and a shift to private from public transport, the report said.
In December 2020 the total sales, including exports, were at 7,733 units. The company claims that “this is the highest-ever December sales registering 88% growth from 4,114 tractors in the same month last year.”
Retail sales have been flat, channel checks indicate. So, wholesale growth has been driven by restocking by dealers ahead of planned price hikes by automakers, say analysts tracking the auto market.
Tomar talked about the government's target to double farm mechanization per hectare in 10 years and said it was only possible with the support from industry, CII said in a statement.
Accordingly, the report predicted that credit costs across vehicle finance (VF) players is expected to be 1.7-4.4 per cent in FY21 and gradually revert to run-rate levels over FY22-23.
Considered to be the first in the industry, the offer of six years and 6,000 hours of warranty has been effective from October 2, 2020. The warranty benefits can be transferred to subsequent buyers in the event of resale.
The world's largest farm equipment maker said it now expects net income of about $2.25 billion for the full year, higher than the earlier estimate of $1.6 billion to $2 billion. Operating cash flow for the year is estimated to be $2.8 billion, up from the $1.9 billion to $2.3 billion projected in May.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Rajesh Gandubhai Movaliya | Unlock to View | Unlock to View | Managing Director | 24 Jun,2006 |
| Nayanbhai Maganbhai Movalia | Unlock to View | Unlock to View | Director | 28 Sep,2005 |
| Kailesh Gandubhai Movaliya | Unlock to View | Unlock to View | Director | 28 Sep,2005 |
| Shaileshbhai Gandubhai Movaliya | Unlock to View | Unlock to View | Director | 28 Sep,2005 |
| Satish Maganbhai Movaliya | Unlock to View | Unlock to View | Director | 28 Sep,2005 |
| Gandubhai Tapubhai Movaliya | Unlock to View | Unlock to View | Director | 28 Sep,1994 |
| Maganbhai Tapubhai Movaliya | Unlock to View | Unlock to View | Director | 28 Sep,1994 |
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