Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.
To set itself apart from other tractor manufacturers in India, TAFE, the second largest tractor maker in the country, is introducing brand variations, a new strategy for India’s ag equipment market.
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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.