Tractors and Farm Equipment Limited
|This article does not cite any sources. (December 2014)|
||This article reads like a news release, or is otherwise written in a promotional tone. (February 2015)||
|Privately held company|
|Headquarters||Chennai, Tamil Nadu, India|
|Products||Tractors, farm machinery, diesel engines, batteries, gears and transmission components, engineering plastics, hydraulic pumps and cylinders, vehicle franchises and plantations.|
|Revenue||INR 96 Billion (2013-14)|
Number of employees
|Slogan||Cultivating the World|
Tractors and Farm Equipment Limited (TAFE), is a tractor major incorporated in 1960 at Chennai, with an annual turnover of INR 96 billion (2013-14). The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields 25% market share of the Indian tractor industry with a sale of over 170,000 tractors (domestic and international) annually.
TAFE's partnership with AGCO Corporation and the Massey Ferguson brand for 53 years supports its three tractor brands of Massey Ferguson, TAFE and Eicher. TAFE exports tractors in partnership with AGCO and independently in over 75 countries including developed countries in Europe and the Americas.
Besides tractors, TAFE 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.
TAFE's Turkey plant manufactures a range of tractors for distribution in Turkey through AGCO's dealer network, whileanother 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). 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 one batteries plant besides other facilities, TAFE employs over 2500 engineers apart from 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 41 companies, involved in the design, development and manufacture of diesel engines, automobile components, light engineering goods, plantations and services.