TAFE Drives Growth: Rs 500 Cr Boost for Farm Gear & Generators

Tractors and Farm Equipment (TAFE) is set to make a substantial investment of approximately Rs 500 crore in the expansion of its farm equipment and generator businesses. The company formalized this commitment by signing a memorandum of understanding (MoU) with the Tamil Nadu government during the Global Investors Meet (GIM) in 2024.

Headquartered in Chennai, TAFE envisions expanding its Farm Equipment Division to manufacture an advanced range of farming machinery tailored for a diverse array of crops, catering to both the domestic and international markets. Notably, TAFE has a robust track record of exporting tractors to over 80 countries worldwide, including Europe and America.

In addition to fortifying its capabilities in the farm equipment sector, TAFE aims to invest in augmenting its facility for the assembly and export of silent generators to countries in the Middle East and Africa.

As part of its strategic growth plan, TAFE is poised to establish a state-of-the-art design and development facility in Tamil Nadu. The company is eager to capitalize on the dynamic ecosystem of Tamil Nadu, collaborating closely with the state government to explore and invest in new avenues of growth.

News by Rahul Yelligetti