TAFE – Tractors and Farm Equipment Limited
Tractors and Farm Equipment Limited (TAFE), is an Indian tractor major incorporated in 1960 at Chennai, with an annual turnover of US $1.6 billion. The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually.
TAFE's partnership with AGCO Corporation and the Massey Ferguson brand for nearly six decades is a stellar example of its commitment to building long-term relationships with its stakeholders through fair and ethical business practices.
TAFE is also a significant shareholder in AGCO Corporation, USA – a US $9.4 billion tractor and agricultural equipment manufacturer.
TAFE manufactures tractors under four iconic brands – Massey Ferguson, TAFE, Eicher and the recently acquired Serbian tractor and agricultural equipment brand IMT (Industrija Mašina i Traktora). The company has earned the trust of customers through its range of products that are widely acclaimed for quality and low cost of operation. In 2005, TAFE acquired Eicher's tractors, engines, gears and transmission components business through a wholly owned subsidiary, TAFE Motors and Tractors Limited (TMTL). TAFE exports tractors, both in partnership with AGCO and independently, powering farms in over 100 countries, including developed countries in Europe and the Americas.
Besides tractors, TAFE and its subsidiaries have diverse business interests in areas such as farm machinery, diesel engines and gensets, agro engines, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, vehicle franchises and plantations.
It's plant in Turkey manufactures a range of tractors for distribution in Turkey through AGCO's dealer network, while another facility in China caters to its ever-growing global sourcing needs and value addition to its Indian and worldwide operations.
With about 180,000 tractors exported till date, TAFE is among the top exporters of tractors from India, having a strong presence in several countries, including 30 African nations. It holds leadership positions in several countries like Sudan, Tunisia, Zambia, Uganda, Morocco, Namibia, Botswana and Burkina Faso, besides Balkan countries in Europe and Afghanistan in Middle East.
TAFE believes in sound corporate governance and is reputed for being a consistent profit-making company and an ethical organization. Its commitment to CSR involves contribution to the environment and society while facilitating growth of all stakeholders with equal fervour, embodying the role of a responsible corporate citizen. TAFE’s social focus has been significant since inception and it contributes towards agriculture, education, healthcare, community development, disaster relief, conservation and tribal welfare, and supporting traditional art forms.
TAFE (tafe.com) is a part of The Amalgamations Group from Chennai, one of India’s largest light engineering groups. Comprising 40 companies, it is involved in the design, development and manufacture of Diesel engines, automobile components, light engineering goods, plantations and services.