Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.
With good monsoon rains expected for the current growing season and ongoing efforts to increase mechanization of farming operations, India’s farm equipment manufacturers are forecasting a strong year for sales.
The CEO of India's second largest tractor manufacturer, TAFE (Tractor and Farm Equipment), who is AGCO's largest shareholder, has reached an agreement with AGCO
A new R&D center and an additional assembly line for tractor transmissions was opened by Carraro in India shortly before the group announced a substantial investment in new production facilities at its Italian factories.
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