Tractors and Farm Equipment Limited facts for kids
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| Privately held company | |
| Industry | Agricultural machinery |
| Founded | 1960 |
| Founder | S. Anantharamakrishnan |
| Headquarters | , |
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Area served
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Worldwide |
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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 |
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Number of employees
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5000-10,000 |
| Parent | Amalgamations Group |
| Subsidiaries | TAFE Motors and Tractors Limited (TMTL) |
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 in India by volume.
Description
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 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 200,000 tractors (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 $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. 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
