TAFE, Indian tractors manufacturing company will start manufacturing two powerful tractors later this year for US-based AGCO Corpo. The Chennai based tractor company will also be participating in the development of AGCO’s world tractor project called Centurion. The AGCO has plans to launch tractors in the 50-125 hp segments under the Centurion and in the process to save a sizeable sum by having common platform across the models. AGCO currently holds around 23% stake in TAFE.
“From November-December, we will be rolling out two models, 90 hp and 105 hp, for AGCO Corp. We expect to roll out around 150-200 units per month of these models, “R.C. Banka, president of the world’s third largest tractor manufacturer.