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The company manufactures tractors under the brand names Farmtrac, Powertrac, and Steeltrac. [12] The first Escorts tractors were produced in 1961 based on Ursus license. [ 13 ] In 1969, a partnership with Ford was set up to produce licensed Ford tractors for India.
LG Tractors was a division of LG Cable. The group of companies were formerly known as GoldStar Cable. It is part of the LG Group. In 2005, LG Cable split off and became a separate company, taking the name LS Cable. The tractor division began in 1975 as a part of Hyundai in cooperation with Yanmar of Japan. See GoldStar for more history.
Mahindra Tractors (India) Erkunt (Turkey)(part of Mahindra) ArmaTrac; Mahindra; Mitsubishi Agricultural Machinery (Japan)(own 33.3%) Trakstar (formerly Mahindra Gujarat and Shaktimaan brands) Mancel (France) Majevica (Serbia) Massey Ferguson (US)(part of AGCO Corporation) McCormick Tractors (Italy)(part of ARGO SpA) Millat (Pakistan)
Escort manufactures produces construction and agriculture tractors in the 8-75 HP range and has already sold over 600,000 tractors. Its tractors are marketed under three brand names, Escort, Powertrac and Farmtrac. In 2020 Kubota acquired 10% of Escorts, and is selling 40% of Kubota Agricultural Machinery India (KAI) to Escorts.
In 1977, KHIC (Korea Heavy Industries & Construction Co.) begins the production of tractors in collaboration with Fiat at the Gunpo plant. In 1983, Goldstar Heavy Industries (LS Mtron) acquired KHIC's agricultural machinery division. [5] Currently, LS Mtron has 4 factories in South Korea, Brazil, China and U.S. [6]
TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover excess of INR 12,500 crores. One of the largest [ 2 ] tractor manufacturer in the world and the second largest [ 1 ] in India by volumes, TAFE wields about 25% [ 3 ] market share of the Indian tractor industry ...