Tafe motors and tractors limited Description
Tractors and Farm Equipment Limited was established in the year 1960. The company manufactures agricultural machinery. They offer products like tractors, harvesters, implements, engines, gears, engineering plastics, batteries, and hydraulic pumps. Being third-largest tractor manufacturer in the world and the second largest in India by volumes, the company makes around 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually. Their partnership with AGCO Corporation and the Massey Ferguson brand for over 55 years is a stellar example of its commitment to building long-term relationships with its stakeholders, through fair and ethical business practices. They are also a significant shareholder in AGCO Corporation, USA â€“ a US $8 billion tractor and agricultural equipment manufacturer. The company and its subsidiaries have diverse business interests in areas such as farm-machinery, Diesel engines and gensets, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, passenger vehicle franchises and plantations. They started with just one tractor model in the year 1961, but currently they are recognized as a high quality mass-manufacturer with an extensive product range to meet the expectations of every farmer and every farm mechanization need. Their research and development facilities are centers of excellence renowned for their innovative design and engineering expertise and have been recognized by the Department of Scientific and Industrial Research, Government of India. Extensive research and testing ensures that TAFE's products meet its exacting performance standards. They have 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, TAFE employs over 2,500 engineers apart from a number of specialists in other disciplines. They have also acquired Eicher's tractors, gears and transmission components and engines business in 2005 through a wholly owned subsidiary, TAFE Motors and Tractors Limited (TMTL). The company is a part of The Amalgamations Group based at Chennai, one of India's largest light engineering groups, comprising of 41 companies, involved in the design, development and manufacture of Diesel engines, automobile components, light engineering goods, plantations and services.