TAFE - Tractors and Farm Equipment Limited

TAFE is an Indian tractor major incorporated in 1960 at Chennai, with an annual turnover of INR 93 billion. The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually.TAFE's partnership with AGCO Corp and the Massey Ferguson brand for 58 years is an outstanding example of commitment to its values of building long-term relationships with its stakeholders, through fair and ethical business practices.TAFE has earned the trust of customers through its wide range of products that are known for high quality and low cost of operation. A strong distribution network of over 1000 dealers effectively backs TAFE’s iconic tractor brands - Massey Ferguson, TAFE, Eicher and the recently acquired IMT tractors. TAFE exports tractors, both in partnership with AGCO and independently, powering farms in over 100 countries.Besides tractors, TAFE and its subsidiaries have diverse business interests in areas such as farm-machinery, diesel engines and gensets, agro engines, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, passenger vehicle franchises and plantations.TAFE's Turkey plant manufactures a wide range of tractors for distribution in Turkey through AGCO's dealer network, while another facility at China caters to TAFE’s ever growing global sourcing needs and value addition to its Indian and worldwide operations. 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). TAFE recently acquired the renowned the Serbian tractor and agricultural equipment brand IMT – Industrija Masina i Traktora in April 2018.