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World’s third largest tractor manufacturer Tractors and Farm Equipment Ltd. (TAFE) has recently joined hands with ISEKI &Co. Ltd. to manufacture compact tractors in India. ISEKI is the third largest Japanese agricultural machinery manufacturing company.ISEKI also markets tractors for AGCO, a famous name in the area of manufacture, design and distribution of agri solutions. ISEKI will offer product technology to TAFE to manufacture the products for Indian market. Not only this, as per a press release, the agreement also covers sourcing of components/assemblies through TAFE, building on the volume advantage that TAFE offers.
Kikuchi Akio, the chairman of ISEKI said, “We will enter into the largest tractor market in the world, India and the Indian subcontinent with greatest partner called TAFE. We believe our global strategy is founded by this cooperation with TAFE, and we hope we can contribute great relationship between three companies to promote global strategy together. We will promote technical alliances with TAFE by this agreement and collaborate with each other as important partners not only for India but also for our global strategy in long term.”
TAFE will now offer ISEKI’s premium light utility compact tractors across 35-54 HP range in India. These multi-utility light weight tractors have advanced features that can be used for a number of farm applications such as plantations land preparation, spraying, inter-cultivation, puddling operations, tilling and many more. According to the release, the tractors will be manufactured at the Madurai plant of TAFE and is expected to roll out by 2020.
Mallika Srinivasan, Chairman and CEO of TAFE said that the tractor range that TAFE has planned to make with ISEKI technology would complement its existing product line in the segment and add more to the farm mechanization process. While signing this agreement, Kikuchi also added that the company will promote its technical alliances with TAFE through this agreement. Both the companies will collaborate with each other not only for the Indian market but for the global success.