AGCO has terminated its commercial relationships with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE), according to a May 1 SEC filing. AGCO said it purchased approximately $171.6 million of tractors and components from TAFE in 2023 and sold approximately $3.6 million of parts to TAFE.
AGCO currently owns 21% of outstanding shares of TAFE, while TAFE and its affiliates own approximately 16% of outstanding AGCO shares. These ownerships will not be impacted by…
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