Tractors

TAFE gets interim relief in dispute over Massey Ferguson tractor brand

Chennai-based company has filed case against US-based subsidiary of AGCO

UP govt to strictly enforce ban on passenger travel on tractor-trolleys

The Uttar Pradesh government will soon convene a high-level meeting to ensure compliance of the ban on using tractor trolleys for passenger transportation. The decision has been made in the wake of a spate of mishaps featuring passenger-travel on tractor trolleys, the latest one reported on October 4 from Mirzapur when 10 labourers were returning from a project site to their homes in Varanasi. After October 4 too, many tractor-trolley related mishaps have been reported from different parts of Uttar Pradesh. "We will soon convene a high-level meeting to discuss ways to curb use of tractor-trolleys for passenger transportation. Our strategy is going to be two-fold. Enforce regulations on tractor-trolleys strictly while also creating necessary awareness among the rural masses, who prefer tractor trolleys for commuting, possibly because they consider it to be a cheaper and readily accessible option," Uttar Pradesh Transport Minister Daya Shankar Singh told PTI. The rules prohibit allow

Above normal monsoon to drive tractor sales; time to buy related stocks?

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said

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

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

Volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak

Tractor sales drop by 4% in FY24, signalling rural economic trouble

Maharashtra recorded a 33% drop, Karnataka 21%, and Telangana 36% in tractor sales. This decline can be attributed to erratic weather conditions and insufficient rainfall

Plan to invest up to $50 mn in 2024, launch 105HP tractor in May: CNH India

Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, will focus on the compact range of tractors of below 30-40 horsepower (HP), besides targeting to sell 1,000 baler machines (used for managing stubble) this year. Currently, CNH India has a four per cent market share in the tractor business in India and has a considerable presence in the 45-50 HP range of tractors. Speaking to PTI, CNH India and SAARC Country Manager and Managing Director Narinder Mittal said there is a huge potential in India's agriculture sector, and the company intends to double its market share to 8 per cent in the next four years. "We plan to invest about USD 40-50 million in the current calendar year in the agriculture segment, including the progra

Swaraj unveils new range of tractors in 40-50 horsepower category

Hemant Sikka, president of the Farm Equipment Sector at Mahindra & Mahindra mentioned that even though there was a rainfall deficit in August this year, tractor sales in India went up year-on-year

Escorts Kubota mulls sale of railway equipment unit to focus on tractors

Its railway equipment business makes brake systems, couplers, suspension systems, friction and rubber products. It accounted for 10% of Escorts Kubota's revenue in fiscal 2023, but clocked 32% YoY

M&M unveils new range of small tractors; eyes doubling tractor exports

Auto major Mahindra & Mahindra on Tuesday unveiled a new range of small-sized tractors targeting new geographies as it aims to treble its tractor exports in the next three years, according to a top company official. The Mumbai-based auto major, which is the world's largest tractor maker by volume terms, exported around 18,000 tractors last fiscal. The company said it has invested Rs 1,200 crore on developing the OJA platform which consists of four platforms that could churn out 40 different trims in the 20-70 hp power output. The company aims to cater to the needs of farmers with small land parcels, especially in India, US and ASEAN region with the new range. Mahindra & Mahindra President Farm Equipment Sector Hemant Sikka said the OJA brand would help in enhancing the company's share in the market while helping it enter new markets. "We are looking to double our export volume in three years. One of the major enablers for achieving the target would be the OJA tractors which ..

5 dead, over 12 injured after tractor-trolley rams into dumper in Hathras

At least five people were killed and over a dozen injured after a tractor-trolley and a dumper collided in the Hathras district late on Friday night, said the police on Saturday.According to Superintendent of Police Devesh Pandey, the deceased were identified as Vikram, Madhuri, Hemlata, Lakhmi, and Abhishek.The SP said that the Hathras occupants of the tractor-trolley were pilgrims on their way from Jalesar to Goverdhan.The SP added that the incident took place when the tractor-trolley that had reached the Sadabad road collided with the dumper.The official further said that more than a dozen people were injured in the accident."Some of the injured were brought to the Community Health Center while three were sent to the district hospital," said the SP.The seriously injured were referred to Agra from the Sadabad Health Centre while one was referred to Aligarh Medical from the district hospital, added the official.

Mahindra and Mahindra bets on horticulture to drive tractor growth

M&M currently enjoys a 42.2 per cent share of India's tractor market (as of year till date)

TREM IV emission norms may impact 7-8 % of domestic volume, says ICRA

The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion of the overall industry, less than 50 horse power (HP), constituting around 92 per cent of sales in FY22 would continue to be governed by Bharat Stage TREM IIIA norms, ICRA said in a statement. The implementation of the revised emission norms for the over 50-HP segment were initially slated to be implemented from October 2020, but was deferred multiple times with the government taking cognisance of industry representations amid the disruptions brought about by the pandemic. "India remains a medium-to-high HP tractor market, with around 80 per cent of the sales coming from the 30-50 HP categories. "The revised emission norms applicable from January 2023 would apply

In rain-affected Bengaluru, tractors turn unlikely heroes on roads

Tractor is the new buzz word trending in the high-tech circles of the city

Unacademy CEO's family evacuated on tractor in rain-battered Bengaluru

Heavy rainfall in Bengaluru continued to affect people's lives in the Silicon City, forcing the authorities to press tractors and boats into service to wade through the inundated roads

TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

Tractor demand unlikely to be impacted by interest rate hikes: Escorts CFO

The interest rate hike by RBI is unlikely to have a significant impact on tractor demand but high inflation is a concern that can affect sales, says Escorts Kubota Ltd Group CFO Bharat Madan

Ashok Leyland expands AVTR tractor segment with two new launches

With this launch, Ashok Leyland becomes the first Indian firm to offer tractors with 41.5T gross combination weight (GCW) and 43.5T GCW in two-axle configuration, the company said in a statement.

Murugappa Group to enter EV business, launch three-wheelers by Sept

Murugappa Group will also manufacture electric tractors this year through subsidiary

Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand

Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.