Type Privately held company Website TAFE.com Motto Cultivating the World Number of employees 5000-10000 | Area served Worldwide Founded 1960 | |
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Industry Agriculture, Manufacturing Products Tractors, farm machinery, diesel engines, batteries, gears and transmission components, engineering plastics, hydraulic pumps and cylinders, vehicle franchises and plantations. Revenue 93 billion INR (2014–2015) Profiles | ||
Description
The company was established in 1960, and has an annual gross return of INR 93 billion (2014–15). It is the third-largest tractor manufacturer in the world and the second largest in India by volumes, with about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually.
TAFE is a part of The Amalgamations Group based at Chennai, one of India's largest light engineering groups, comprising 41 companies, involved in the design, development and manufacture of Diesel engines, automobile components, light engineering goods, plantations and services.
It is also a significant shareholder in AGCO Corporation, United States – a US $7 billion tractor and agricultural equipment manufacturer.
TAFE exports tractors, both in partnership with AGCO and independently, powering farms in over 100 countries which include developed countries in Europe and the Americas.
Products
Besides tractors, TAFE and its subsidiaries have diverse business interests in areas such as farm-machinery, Diesel engines, silent gensets, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, passenger vehicle franchises, and plantations.
TAFE's plant at Turkey manufactures a range of tractors for distribution in Turkey through AGCO's dealer network, while another facility has been setup at China to cater to TAFE’s ever growing global sourcing needs and value addition to its Indian and worldwide operations. TAFE acquired Eicher's tractors, gears and transmission components and engines business in 2005 through a wholly owned subsidiary, TAFE Motors and Tractors Limited (TMTL). With six tractor plants, an engines plant, two gears and transmission components plants, two engineering plastics units, two facilities for hydraulic pumps and cylinders and a batteries plant besides other facilities, TAFE employs over 2,500 engineers apart from a number of specialists in other disciplines.