Tractors and Farm Equipment Limited (TAFE)
TypePrivately held company
IndustryAgricultural machinery
Founded1960
FounderS. Anantharamakrishnan
Headquarters
Chennai, Tamil Nadu
,
India
Area served
Worldwide
Key people
ProductsTractors
Combine harvesters
Diesel Engines
Revenue₹9,300 crores (2014–15)
Number of employees
5000–10,000
ParentAmalgamations Group
Websitewww.tafe.com

Tractors and Farm Equipment Limited (TAFE) is an Indian agricultural machinery manufacturer based in Chennai, India. TAFE is the third-largest[1] tractor manufacturer in the world and the second largest[2] in India by volume.

Description

The long time best selling TAFE Masssey Fergussen 25hp model
TAFE Chairman and CEO Mallika Srinivasan on a MF 9500 SMART tractor in 2016

TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover of INR 10,000 crores. The third-largest[1] tractor manufacturer in the world and the second largest[2] in India by volumes, TAFE wields about 25%[3] market share of the Indian tractor industry with a sale of over 180,000 tractors[4] (domestic and international) annually. TAFE has partnered with AGCO Corporation and the Massey Ferguson brand for over 60 years. TAFE is also a significant shareholder in AGCO Corporation, USA – an $11.1 billion US tractor and agricultural equipment manufacturer.

TAFE has a distribution network of over 1600 dealers which sells its tractors under four brands – Massey Ferguson, TAFE Tractors, Eicher Tractors and IMT. TAFE exports tractors, and independently, for use in farms in over 100 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, batteries, hydraulic pumps and cylinders, passenger vehicle franchises and plantations.

TAFE's plant at Turkey manufactures a range of tractors for distribution in Turkey through AGCO's dealer network. 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, 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.

See also

  • Tractor manufacturers of India

References

  1. 1 2 "World's third largest tractor maker swallows up IMT". Agriland. 4 April 2018. Retrieved 18 April 2018.
  2. 1 2 Rajesh C (23 September 2016). "She reinvented Tafe twice in two decades". The Times of India. Archived from the original on 18 April 2018. Retrieved 18 April 2018.
  3. ↑ DaVinci Creatives. "TAFE | Corporate Profile | Tractor Sales | Tractors And Farm Equipment Limited". www.tafe.com. Retrieved 18 April 2018.
  4. ↑ "180,000 Tractors". smartinvestor.business-standard.com. Retrieved 18 April 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.