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Swaraj division [2] is a tractor and farm equipment making company which is owned by Mahindra & Mahindra Ltd. Formerly known as Punjab Tractors Limited, the company was taken over by Mahindra Group in 2007 and subsequently in 2009, the name was changed to swaraj division.
In 1970, the Government of Punjab acquired the Swaraj tractor's design and established Punjab Tractors Limited (PTL). The tractors were produced and sold under the brand name of Swaraj. In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.
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)
CASTELLON, Spain (Reuters) -Spanish farmers blocked major roads with tractors and burning tyres on Wednesday, disrupting access to port terminals as anger spreads in Europe's countryside against ...
In 2007, M&M acquired Punjab Tractor Limited (PTL), making it the world's largest tractor manufacturer. [12] [13] Subsequent to this takeover, the former PTL was merged into M&M and transformed into the Swaraj division of Mahindra & Mahindra in 2009. [14] Over the past few years, the company has taken an interest in new industries and foreign ...
Former associate company Punjab Tractors manufactured agricultural tractors and combine harvesters under the Swaraj brand name before selling 64.6% to Mahindra Tractors. In 2009, Mahindra and Swaraj Mazda settled a dispute over the use of the Swaraj name, allowing Swaraj Mazda to continue using the name for only two more years.
Thousands of Spanish farmers on tractors blocked highways and some city streets Friday in a fourth consecutive day of protest against European Union agriculture policies and to demand measures to ...