After growing sales by 39% in 2020 over 2019, Mahindra has announced it will seek new partners for dealerships in Brazil to fill the current demand. In the first quarter of 2021, the sales jumped 34% compared to the same quarter of last year.
Several industry representatives expressed their concerns about the lack of resources released by Brazil’s federal government since last year. However, many of them are optimistic due to the high commodity prices and strong demand for exports.
German shortline manufacturer Horsch announced in March an investment of R$200 million ($35.3 million) in a factory in Curitiba, state of Parana, located in the South of Brazil, after 7 years in the country.
John Deere announced in January that it will expand its factory located in Montenegro, Rio Grande do Sul, in Brazil. The facility, which opened in 2008, employs nearly 1,000 people and makes 43 tractor models.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this week's episode we take a look at President Joe Biden's recent executive order that encourages the Federal Trade Commission to make rules related to Right to Repair. In the Technology Corner, Ben Thorpe discusses the results of the 8th Annual Strip-Till Operational Benchmark Study and what precision technology strip-tillers plan to invest in in 2021. Also in this episode: Art's Way's second quarter and first half earnings and Kubota's results in the latest EDA Dealer-Manufacturer Relations report.