Tractors and Farm Equipment Limited (TAFE), world’s third largest tractor manufacturer by volumes, has signed an agreement with Japan-based ISEKI & Co, Ltd, to manufacture compact tractors in India.
The Japanese firm claims to be the third largest agricultural machinery manufacturer for tractors, planting and harvesting machinery, and engines.
Under this agreement, ISEKI will offer product technology to TAFE for the manufacture of these products for the Indian market.
The scope of the agreement will cover sourcing of components and assemblies through TAFE, building on the volume advantage that TAFE offers.
TAFE will offer ISEKI’s premium light utility compact tractors