Tractors And Farm Equipment Limited. (India)

Tractors & Farm Equipment Ltd. (TAFE) is an Indian tractor major located in Chennai. It was incorporated in 1960 and has an annual turnover of INR 10,000 crores. TAFE is the third-largest tractor manufacturer in the world and the second largest in India by volumes. The company sells over 180,000 tractors (domestic and international) annually. TAFE has a partnership with AGCO Corporation and the Massey Ferguson brand for over 63 years. TAFE is also a significant shareholder in AGCO Corporation, a US $11.1 billion tractor and agricultural equipment manufacturer. TAFE's main products are tractors, farm-machinery, diesel engines and gensets, agro-industrial engines, engineering plastics, gears and transmission components, hydraulic pumps and cylinders, vehicle franchises, and plantations. The company has a strong distribution network of over 1600+ dealers supporting its four iconic tractor brands - Massey Ferguson, TAFE, Eicher Tractors, and IMT. TAFE exports tractors to over 100 countries, including developed countries in Europe and the Americas. TAFE is known for its range of products that are widely acclaimed for quality and low cost of operation. The company has R&D facilities that are recognized for their innovative design and engineering expertise. TAFE's plant in Turkey manufactures tractors for distribution in Turkey through AGCO's dealer network. TAFE acquired Eicher's tractors, gears and transmission components, and engines business in 2005. In December 2022, TAFE acquired FAURECIA's Indian Interior Business of Group FORVIA. TAFE is committed to sound corporate governance and is recognized as a consistent profit-making company and an ethical organization. The company is also committed to Corporate Social Responsibility (CSR) and contributes to causes in areas such as agriculture, education, healthcare, community development, women empowerment, conservation and tribal welfare, disaster relief, and preservation of Indian culture and traditional art forms. TAFE's tractor plants are certified under ISO 9001 for quality management systems and ISO 14001 for environment-friendly operations. The company has received numerous awards and recognition for its manufacturing excellence, safety standards, CSR initiatives, and contribution to engineering exports. TAFE is a part of The Amalgamations Group, one of India's largest light engineering groups.