Tractors and Farm Equipment Limited (TAFE), a US $1.6 billion tractor major
incorporated in 1960 at Chennai, India, is the third largest tractor manufacturer in the
world and the second largest in India by volumes, with a 25% market share of the
Indian tractor industry and a sale of approximately 150,000 tractors (domestic and
international) annually. TAFE's partnership with AGCO Corporation and the Massey
Ferguson brand for 52 years is an outstanding example of TAFE's commitment to
its values of building long-term relationships with its stakeholders, through fair and
ethical business practices.
In the Indian market, TAFE has earned the trust of its customers through its wide
range of products that are known for high quality and low cost of operation, backed
by over 1000 strong distribution network that effectively supports its three tractor
brands of Massey Ferguson, TAFE and Eicher. TAFE exports tractors in partnership
with AGCO and independently, powering farms in over 82 countries including
developed countries in Europe and the Americas.
Besides tractors, TAFE and its subsidiaries have diverse business interests in
areas such as farm machinery, diesel engines, batteries, transmission components,
panel instruments, engineering plastics and hydraulic pumps and cylinders. From
a small beginning with just one tractor model in 1961, TAFE today is recognized as
a high quality mass manufacturer with an extensive product range to meet every
farming need, innate engineering strengths, uncompromising focus on quality and
an immense fund of experiential knowledge gained through designing, developing,
manufacturing and supporting tractors that are synonymous to reliability and
ruggedness. TAFE's R&D facilities are centers of excellence, renowned for their
innovative design and engineering expertise, and have been recognized by the
Department of Scientific & Industrial Research, Ministry of Science and Technology,
Government of India. Extensive research and testing ensures that TAFE's products
and aggregates meet its exacting performance standards.
TAFE's first overseas plant in Turkey went on stream in 2010 and manufactures a
range of tractors for distribution in Turkey through AGCO's dealer network. With its
acquisition of Eicher's tractor business and engines plant in 2005 through a wholly
owned subsidiary, TAFE presently has four tractor plants in India, an engines plant
and two engineering plastics units besides other facilities, employing over 2500
engineers apart from a number of specialists in other disciplines.
TAFE believes in sound corporate governance and has illustrated the same through
the years by establishing a solid balance between being a consistently profit-making
company while keeping ethical business practices and values intact. In 2008, TAFE
won the Star Award for Unlisted Companies from Business Standard newspaper
and has been awarded the Samman-Patra for over a decade since 1998 for prompt
payment of statutory levies such as the Central Excise. TAFE's direction is deep-
rooted in CSR, contributing to the environment and to society while facilitating
business growth, thereby establishing the role of a responsible corporate citizen.
TAFE's social focus has been significant since inception and it contributes in the
areas of education, healthcare, agriculture and community development and in
supporting traditional art forms.
TAFE is committed to the Total Quality Movement and three of its tractor plants are
certified under ISO 9001 and also under ISO 14001 for their environmentally friendly
operations. TAFE was recently conferred the Corporate Citizen of the Year award
by the Public Relations Council of India in March 2013. In the recent past, TAFE has
garnered three TPM Excellence Awards for various plants from the Japan Institute
of Plant Management, the Frost & Sullivan - IMEA Award for significant progress
towards reliable processes, the Regional Contributor Award for quality supplies from
Toyota Motor Company, Japan, and the Manufacturing Supply Chain Operational
Excellence - Automobiles Award at the second Asia Manufacturing Supply Chain
Summit for its supply chain transformation, as well as a number of other regional
awards for TPM excellence.
TAFE has the distinction of having received the commendation for "Significant
Achievement on the journey towards Business Excellence" by the CII-EXIM Bank
Business Excellence Award jury in 2012.
TAFE is a part of the Amalgamations Group based at Chennai, one of India's largest
light engineering groups, comprising of 41 companies, involved in the design,
development and manufacture of diesel engines, automobile components, light
engineering goods, plantations and services.