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Mahindra Gujarat Tractors Limited, is a Farm Tractor manufacturer now part of Mahindra & Mahindra from the Government of Gujarat in 1999. It the oldest running tractor unit in India . The Mahindra Group has a 60% stake, the remaining 40% being held by the Government of Gujarat.
In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat. [12] and Mahindra purchased a 64.6% stake in Swaraj in 2004. Mahindra Tractors started manufacturing 15HP tractors under the brand name Yuvraj in Rajkot in 2011. The plant in Rajkot is set up jointly by Deepak Diesel Pvt Ltd and Mahindra & Mahindra.
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)
In 1978, the Gujarat, Indian government formed [ Gujarat Tractors] from the ailing company. In 1999, Mahindra Tractors purchased 60% of the company, and in 2001, completed purchasing the rest of the company, renaming it Mahindra Gujarat Tractors Ltd thus becoming part of Mahindra Group. The company is engaged in manufacturing of tractors in a ...
In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat, and in 2017, Mahindra renamed it Gromax Agri Equipment Limited as part of its new brand strategy, and the models continue to be sold as Trakstar. [10] [11] In 2007, M&M acquired Punjab Tractor Limited (PTL), making it the world's largest tractor manufacturer.
Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai.The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail and ...