"It is currently at a very advanced stage of development but we cannot commit a time-frame for a commercial launch of the biofuel tractor," Escorts Group Chairman Rajan Nanda said.
He, however, said the biofuel tractor could be unveiled this year.
Asked about the details, he declined to comment on the specifics such as the horse power and size.
"It will be consistent with the requirements of the Indian farm sector," Nanda said. He said the main reason for the Escorts Group is to venture into developing biofuel tractor was to reduce the recurring cost incurred by farmers and help them in getting better output from their farms.
"We have been delivering fuel efficient engines and the intent of developing a biofuel tractor is to reduce the cost to the farmers," he said.
Stressing the need to develop more fuel efficient and cost-effective engines, he said, "I am sure other companies will also be working on similar lines. If we have to see more yields, Indian agriculture has to mechanise."
The Escorts Group currently has three tractor models in its stable-- Farmtrac (premium range available in the 35-75 horse power range); Powertrac (value for money series in 35-55 hp range) and Escort (economy range powered by two cylinder engine 27-35 hp).
The company is amongst the leading tractor manufacturers in India competing with the likes of Mahindra & Mahindra, Tafe and Sonalika.
