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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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
