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Company type | Privately held company |
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Industry | Agricultural machinery |
Founded | 1960 |
Founder | S. Anantharamakrishnan |
Headquarters | , |
Area served | Worldwide |
Key people |
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Products | Tractors Combine Harvesters Diesel Engines Diesel generators Hydraulic pumps Hydraulic cylinders Farm equipments Engineering plastics Plantations |
Brands | Massey Ferguson, Eicher Tractors, TAFE Tractors, TMTL-Eicher Engines, TAFE Power, Agristar |
Number of employees | 5000-10,000 |
Parent | Amalgamations Group |
Subsidiaries | TAFE Motors and Tractors Limited (TMTL) |
Website | www |
Tractors and Farm Equipment Limited (TAFE) is an Indian agricultural machinery manufacturer based in Chennai, India. TAFE is one of the largest tractor manufacturer in the world and the second largest [1] in India by volume.
TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover excess of INR 12,500 crores. One of the largest [2] tractor manufacturer in the world and the second largest [1] in India by volumes, TAFE wields about 25% [3] market share of the Indian tractor industry with a sale of over 200,000 tractors [4] (domestic and international) annually. TAFE has partnered with AGCO Corporation and the Massey Ferguson brand for over 60 years.[ citation needed ] TAFE is also a significant shareholder in AGCO Corporation, USA – an $12.7 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. Recently TAFE acquired Faurecia's Indian Interior Business of Group FORVIA - The French Global Automotive Supplier, in December 2022. [5] TAFE employs over 3,500 engineers, as well as a number of specialists in other disciplines.[ citation needed ]
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.
To enhance and complete the extensive range of engines produced by the Deutz AG across emission standards for both domestic and export markets, TAFE Motors and Tractors and Deutz AG will work together to jointly manufacture 30,000 engines in the 2.2L (50-75 hp) and 2.9 L (75-100 hp) displacements under license at TAFE Motors' manufacturing facility in Alwar, Rajasthan. [6]
Hindustan Motors is an Indian automotive manufacturer based in Kolkata. It is a part of the Birla Technical Services conglomerate. Hindustan Motors was the largest car manufacturer in India before the rise of Maruti Udyog. Hindustan Motors manufactured the Ambassador and Landmaster motorcars, both immensely popular Indian automobiles from 1957 to 2014.
Massey Ferguson is an agricultural machinery manufacturer. The company was established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of the United Kingdom. It was based in Coventry then moved to Beauvais in 2003 due to the Coventry factory shutting down.
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The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
Tractors in India are a major industry and significant contributor to its agriculture output gains.
Eicher tractor was a manufacturer of tractors, agricultural machinery and engines. The company was founded in 1936 by the brothers Josef and Albert Eicher in the Upper Bavaria town of Forstern. The brand name "Eicher" was last used in Europe in 2009 by the Dutch agricultural machinery dealer Hissink & Zonen and is still in use today in India by Eicher Motors, which manufactures tractors & commercial vehicles by this name.
The Gleaner Manufacturing Company is an American manufacturer of combine harvesters. Gleaner has been a popular brand of combine harvester particularly in the Midwestern United States for many decades, first as an independent firm, and later as a division of Allis-Chalmers. The Gleaner brand continues today under the ownership of AGCO.
Mallika Srinivasan is an Indian industrialist and is the Chairman and Managing Director of Tractors and Farm Equipment Limited, a tractor major incorporated in 1960 at Chennai, India. She is also the Chairperson of the Public Enterprises Selection Board (PESB) constituted by the Government of India. She is additionally on the Global Board of U.S.-India Business Council (USIBC), and the Boards of AGCO Corporation - United States. She is a core member of the BRICS Women’s Business Alliance and a member of India-US CEO Forum. She is also the member on the Governing Body of Stella Maris College - Chennai.
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AMCO Batteries Limited, headquartered in Chennai, Tamil Nadu, is an automobile and commercial battery manufacturing company. Founded in 1932, it is a part of Rs. 15,000-crore Amalgamations Group, one of India's largest light engineering groups. Today, AMCO is the leading supplier of two-wheeler batteries to companies like Honda, Hero Motor Corp, Bajaj Auto, TVS, Yamaha, Royal Enfield, Mahindra Two Wheelers etc. It also supplies four-wheeler batteries to TAFE Tractors, Eicher Tractors, Sonalika Tractors etc.
Ranipet district is one of the 38 districts of Tamil Nadu, India, formed by trifurcating Vellore district. The Government of Tamil Nadu has announced its proposal on 15 August 2019, together with Tirupattur district. However, it was officially declared on 28 November 2019 by Tamil Nadu Government. The town of Ranipet would serve as the district headquarters.