The company, currently operating from its temporary plant at Verna Industrial Estate, yesterday officially launched the tractor, which is a modern version of the traditional farm tractor with four-wheel drive, 800cc v-twin liquid cooled engine, and features like disc brakes.
"From October onwards, our production target is 50 units per month. We have already started negotiation for appointment of dealers in Maharashtra while we will retain Goa market. Our target is 1,000 units in 2017 in Goa, Maharashtra and Karnataka," company founder Narayan P Naik told reporters.
"We are in the process of setting up production facility at Kudal in Maharashtra at an investment of Rs 20 crore," he said.
Naik, who has 35 years of experience in plastic industry, ventured into this new avenue to provide solution for the farmers, who are turning their back to the traditional occupation.
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"In the recent years, scarcity of labour and animals has become a problem for the farm sector. To overcome this difficulty, in 2014, I along with my sons Jeet and Tej set on a journey to develop a small tractor," he said.
"The vehicle is costing around Rs 3.75 lakh, otherwise this kind of vehicle costs around Rs 7 lakh onwards. We have already taken approval for Bharat stage III for the engine. This engine we have developed to meet the emission norms," he said.
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