Engine maker Deutz saw a welcome turnaround in demand and deliveries of diesel engines to agricultural and construction machinery OEMs last year, following a hiatus in the first year of the Covid-19 pandemic.
According to a report from the Economic Times, Mahindra and its subsidiary Erkunt Traktor Sanayi A.S. (Erkunt) have agreed to acquire another subsidiary of Mahindra, Hisarlar Makina Sanayi ve Ticaret Anonim ?irketi (Hisarlar).
Turkey’s volatile tractor market crashed for a second year in 2019, plunging more than 45% to just short of 26,300 units, the lowest figure recorded by ag machinery trade organization Tarmakbir since 2009 when farmers bought just 13,700 tractors. At the same time, the country’s ag machinery exports continue to climb.
A 12% increase in revenues from European Union countries helped tractor and harvester maker SDF Group offset a dramatic fall from sales in Turkey to maintain 2018 group revenues at a level consistent with preceding years.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk about the 10-year trend for dealer wholegood revenue forecasts, Titan's third quarter earnings for fiscal year 2024 and the next steps for spray drone technology.