Mahindra recently stated in a regulatory filing that the two companies have entered into a "business collaboration arrangement" that will "respond to diversifying customer needs and contribute to the sustainable development of Japanese agriculture."
Mahindra and Kubota have both been focusing on international markets in 2020, making investments into different ag equipment companies in Asia and Africa.
According to a report from The Hindu Business Line, Mahindra has announced a new range of tractors to be created with Mitsubishi of Japan. The new line has been dubbed the K2 platform and is set for release in 2021, with models to be released in varying horsepowers over the next 2 years.
Mahindra & Mahindra, one of India’s leading farm equipment manufacturers, has completed a $25 million investment in Mitsubishi’s compact tractor and rice cultivation equipment operations in Japan.
Mahindra & Mahindra (M&M) is in talks with Japanese major Mitsubishi for a global strategic alliance to source farm equipment products including tractors as it looks to expand presence in major markets across the globe.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.