Tractor

TAFE, AGCO claim legal relief from Madras HC in tractor brand dispute

Court orders status, say two companies in long-running legal battle over ownership and use of Massey Ferguson

Massey Ferguson row: Tafe-AGCO brand battle reaches US shareholders

American firm responds, says Chennai company's interests 'misaligned'

Force Motors to shut down its agricultural tractors business from March 31

In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said

Farmers take out tractors rallies in Punjab, Haryana to protest against WTO

Farmers took out tractor rallies at several places in Punjab, Haryana and western Uttar Pradesh and burnt effigies, demanding the agriculture sector be taken out of the WTO agreement. In Uttar Pradesh, the rallies led to disruption in traffic at many places and farmers also burnt effigies representing the World Trade Organisation (WTO), which is holding its 13th ministerial conference, a meeting of its highest decision-making body, in the UAE. On the call of Samyukta Kisan Morcha (SKM), an umbrella body of several farm unions that spearheaded the 2020-21 farmers' stir, protesters parked their tractors along the highways at many places in Punjab and Haryana. Effigies representing the WTO were also burnt at Khanauri and Shambhu points on Punjab's border with Haryana where thousands of farmers have been camping after their march to Delhi, led by the Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha (KMM), was halted by security forces. Farmer leaders claimed the WTO's ...

Escorts Kubota Q3 results: Profit up nearly 49% at Rs 277 cr, misses view

The company's standalone net profit rose nearly 49% to 2.77 billion rupees (about $33 million) for the three months ended Dec. 31, but fell short of analysts' expectations of 2.82 billion rupees

Mahindra launches 7 lightweight 4WD OJA tractors, beginning at Rs 5.64 lakh

The tractors were developed in collaboration with Mitsubishi at an investment amounting to Rs 1,200 crore

Riding on new OJA platform, M&M targets to double exports in 3 years

The Mahindra OJA 27 HP tractor will be priced at Rs 5.64 lakh, while the OJA 40 HP tractor will cost Rs 7.35 lakh - priced competitively against its competition

Swaraj Tractors launches compact tractors; starts from Rs 5.35 lakh

Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom). The company said it will roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range. The Swaraj Target 630 model will first be available through its dealer network in Maharashtra and Karnataka, at price starting from Rs 5.35 lakh (ex-showroom), it said. The second model Target 625 will be introduced in due course, Swaraj Tractors, which is a part of the Mahindra Group, said. The Group had last week announced its plans to launch a new tractor platform. The new Swaraj Target range seamlessly combines power and advanced technology features, providing exceptional efficiency in spraying and various other applications, it said. "Introduction of Swaraj Target opens a new segment for growth of Swaraj Tractors and facilitates horticulture mechanisation, a fast-growing segment in Indian agriculture," said Hemant Sikka,

Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar

We had already re-engineered our ICE portfolio to meet the norms. We needed to sell a small number of EVs to meet the target for 2022-23, says Rajesh Jejurikar, executive director, M&M

Mahindra & Mahindra to bring 40 tractor models under new OJA brand

Mahindra & Mahindra Ltd on Thursday said its tractor division will bring 40 new models under a new brand OJA, built on a lightweight global platform. The Mahindra OJA tractors will focus on both domestic and international markets including the US, Japan and South-East Asia, the company said in a statement. It will have four sub-tractor platforms the sub-compact, compact, small utility and large utility tractor categories, covering 40 models across various multiple HP points, it added. The new future-ready range of tractors has been developed under the global tractor programme, K2 through close cooperation between the engineering teams of Mitsubishi Mahindra Agriculture Machinery, Japan, and Mahindra Research Valley, India, the R&D centre for Mahindra's Auto and Farm sector, the company said. "Slated for launch later this year, the OJA is Mahindra's future-ready approach to tractorisation exemplified by numerous first best-in-class technologies for improved performance and ...

No slowdown in FY24 tractor sales even if El Nino hits: John Deere's Jagtap

The India head of the US farm equipment firm feels overall tractor sales might see a slight dip in FY23, after a good FY22

SKM announces tractor march in 20 states, mahapanchayat in Haryana's Jind

The Samyukt Kisan Morcha (SKM) on Wednesday said foot marches and tractor rallies will be held in 20 states and a mahapanchayat convened in Haryana's Jind on Thursday to mark Republic Day and pay homage to those who died during the protests against three farm laws, which have since been repealed. "On the call of the Samyukt Kisan Morcha, farmers all over the county will mobilise again on January 26 to observe Republic Day and hold tractor rallies, foot marches and conventions after hoisting the national flag," it said in a statement. The foot march and tractor rallies will cover 300 districts in 20 states. Homage will be paid to all "kisan martyrs who lost their lives in the historic struggle of farmers against the anti-farmer government". Memorandum will be given to district collectors, the SKM said. A kisan mahapanchayat will be held in Jind in Haryana and the SKM will expose the conspiracy of the BJP government to break its unity, it said.

Tractor headwinds may offset M&M's strong utility vehicle segment show

Upsides may be limited given the sharp rerating for the stock since March

PV sales expected to be strong in July as production rises: Report

Passenger vehicle sales are expected to be robust in July, driven by a large order book and production ramp-up, while commercial vehicle volumes may remain in an uptrend, a report said on Thursday. However, tractor volumes are likely to decline due to a high base and uneven spread of the monsoon, according to brokerage firm Emkay Global Financial Services, which has retained a positive view on the auto sector. Emkay Global also expects an improvement in two-wheeler sales on the back of higher production and inventory build-up with dealers. Passenger vehicle segment should witness a robust growth on a large order book and production ramp-up, with automakers such as Tata Motors, M&M and Maruti Suzuki expected to log 49 per cent, 28 per cent and 8 per cent volume growth, respectively, in July, the brokerage firm said. For the two-wheeler segment, the brokerage estimates a 35 per cent improvement in domestic sales for Eicher Motor-Royal Enfield, 6 per cent each for TVS Motor and Hero .

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Bank of Baroda inks pact with Mahindra & Mahindra for tractor finance biz

The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen

Tractor demand to grow at 10-12% in FY19; to moderate to 4-5% in FY20: Icra

In terms of profitability of tractor manufacturers, Icra said it remains linked to industry demand -- expanding during industry up-cycle and contracting during downturns