TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover of INR 10,000 crores. The third-largest[1] tractor manufacturer in the world and the second largest[2] in India by volumes, TAFE wields about 25%[3] market share of the Indian tractor industry with a sale of over 180,000 tractors[4] (domestic and international) annually. TAFE has partnered with AGCO Corporation and the Massey Ferguson brand for over 60 years.[citation needed] TAFE is also a significant shareholder in AGCO Corporation, USA – a US $11.1 billion tractor and agricultural equipment manufacturer.
TAFE has a distribution network of over 1600 dealers which sells its tractors under four brands– Massey Ferguson, TAFE Tractors, Eicher Tractors and IMT. TAFE exports tractors, and independently, for use in farms in over 100 countries all over the world.
Besides tractors, TAFE and its subsidiaries have business interests in areas such as farm-machinery, diesel engines and gensets, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, passenger vehicle franchises and plantations.
