Tractors and Farm Equipment Limited
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TAFE - Cultivating the World
|Privately held company|
|Headquarters||Chennai, Tamil Nadu, India|
(Chairman & CEO)
|Products||TAFE, Massey Ferguson and Eicher Tractors, Farm Machinery, Diesel Engines and Gensets, Batteries, Gears & Transmission Components, Engineering Plastics, Hydraulic Pumps & Cylinders, Vehicle Franchises and Plantations.|
|Revenue||INR 93 Billion (2014-15)|
Number of employees
TMTL - TAFE Motors and Tractors Limited
TAL - TAFE Access Limited
TRL - TAFE Reach Limited
TAFE International - TractorVe Tanm E Kiprani San Ve Tic Limited SktTAFE Tractors Changshu Company Limited
The company was established in 1960, and has an annual gross return of INR 93 billion (2014–15). It is the third-largest tractor manufacturer in the world and the second largest in India by volumes, with about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually.
TAFE is a part of The Amalgamations Group based at Chennai, one of India's largest light engineering groups, comprising 41 companies, involved in the design, development and manufacture of Diesel engines, automobile components, light engineering goods, plantations and services.
It is also a significant shareholder in AGCO Corporation, United States – a US $8 billion tractor and agricultural equipment manufacturer.
Besides tractors, TAFE and its subsidiaries have diverse business interests in areas such as farm-machinery, Diesel engines, silent 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, while another facility has been setup at China to cater 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). 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 2,500 engineers apart from a number of specialists in other disciplines.