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AGCO Terminates TAFE License Agreement, TAFE Responds with Letter to Shareholders

October 15, 2024 | Posted in Ag Equipment Business, Ag Equipment Worldwide

AGCO announced it had terminated a number of agreements with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE) on Sept. 30, 2024.

AGCO Faces Lawsuit from Indian Tractor Manufacturer Over Ended Partnership

May 15, 2024 | Posted in Ag Equipment Business

AGCO has terminated its commercial relationships with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE), according to a May 1 SEC filing.

UPDATED: AGCO Terminates Commercial Relationships with TAFE

May 6, 2024 | Posted in Ag Equipment Worldwide

During 2023, AGCO said it purchased approximately $171.6 million of tractors and components from TAFE and sold approximately $3.6 million of parts to TAFE.

TAFE Announces Investment in UK R&D Center

July 5, 2023 | Posted in Ag Equipment Worldwide

Indian tractor manufacturer TAFE (Tractors and Farm Equipment Limited) has announced an investment in a new research & development center, TAFE Advanced AG Solutions, in Telford, UK.

AGCO Addresses 'Misleading Statements' from Shareholder TAFE, Adds to Board of Directors

February 22, 2021 | Posted in Ag Equipment Business

AGCO additionally appointed a new Lead Independent Director, Mike Arnold, to demonstrate the Board’s commitment to "strong independent oversight, the rotation of Board leadership roles and the adoption of term limits for Board leadership positions."

AGCO Stockholder Requests Separation of CEO & Chairman Roles

November 17, 2020 | Posted in Ag Equipment Business

According to a report from Bizjournals, India-based Tractors and Farm Equipment Limited (TAFE), which owns a 16% stake in AGCO, filed a report with the SEC requesting that AGCO separate the positions of CEO and Chairman of the Board "to better fulfill the board’s duty of oversight of the company."

India's Escorts Revenues Grow as It Pays Down Historical Debts

August 16, 2019 | Posted in Ag Equipment Worldwide, Electric Machinery

In the year that Escorts, the Indian tractor and construction machinery business, finished paying off historical debts to a former supplier, the group saw revenues climb 23.5% above the prior 12 month period.

India’s TAFE and Japan’s ISEKI in Pact to Produce Small Tractors

November 29, 2018 | Posted in Ag Equipment Worldwide

Source: The Hindu

TAFE will offer the light utility compact tractors in the 35-54 horsepower range of ISEKI in India.

TAFE Acquires IMT to Move into Higher Horsepower Tractor Segment

April 1, 2018 | Posted in Equipment & Equipment Sales, Mergers & Acquisitions

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.

India's TAFE Agrees Not to Acquire More than 12.5% of AGCO Stock

October 27, 2014 | Posted in Mergers & Acquisitions

The CEO of India's second largest tractor manufacturer, TAFE (Tractor and Farm Equipment), who is AGCO's largest shareholder, has reached an agreement with AGCO

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