Gromax Agri Equipment Limited is a jointly owned company between Mahindra & Mahindra Ltd. and the Government of Gujarat with an equity ratio of 60% and 40%, respectively.
The Trakstar range will be present across five HP points in the 30-50 HP category, informed the company in an official press statement released on Monday (28 August),which covers 80% of the tractor industry. The evolution of Gromax is necessary as the company sees the space for an all new tractor brand for farmers looking beyond mainstream brands.
Rajesh Jejurikar, President – Farm Equipment Sector, M&M said, “Gromax will be an important element of our journey of transformation towards a higher penetration of farm mechanization, enabling farmers to double their income. The Trakstar range of tractors will compete in 80 per cent of the industry.”
Sanjay Prasad, Principal Secretary, Agriculture, Government of Gujarat said, “Our government has charted out a clear roadmap for farm mechanization and agricultural development for the welfare of the farmers to accelerate agricultural modernization