TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover of INR 93 billion. The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors annually. TAFE has had a partnership with AGCO Corporation and the Massey Ferguson brand for over 55 years. TAFE is also a significant shareholder in AGCO Corporation, USA – a US$8 billion tractor and agricultural equipment manufacturer. TAFE has a distribution network of over 1000 dealers which sells its four tractor brands – Massey Ferguson, TAFE, IMT and Eicher. TAFE exports tractors, both in partnership with AGCO and independently, for use in farms in over 100 countries which include developed countries in Europe and the Americas. Besides tractors, TAFE and its subsidiaries have business interests in areas such as farm-machinery, diesel engines and gensets, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, passenger vehicle franchises and plantations. From just one tractor model in 1961, TAFE today is a mass-manufacturer with an extensive product range. TAFE's plant at Turkey manufactures a range of tractors for distribution in Turkey through AGCO's dealer network, while another new facility has been setup at China to cater to TAFE's global sourcing needs and value addition to its Indian and worldwide operations. TAFE acquired Eicher's tractors, gears and transmission components and engines business in 2005 through a wholly owned subsidiary, TAFE Motors and Tractors Limited. With six tractor plants, an engines plant, two gears and transmission components plants, two engineering plastics units, two facilities for hydraulic pumps and cylinders and a batteries plant besides other facilities, TAFE employs over 2,500 engineers, as well as a number of specialists in other disciplines. Its tractor plants are certified under ISO 9001 and under ISO 14001 for their environment friendly operations. In 2008, Business Standard awarded TAFE the 'Star Award for Unlisted Companies' and in 2013 the Public RelationsCouncil of India conferred TAFE with the 'Corporate Citizen of the Year Award'. TAFE has been named the 'Best Employer in India 2013' by Aon Hewitt. TAFE is a part of The Amalgamations Group based at Chennai, one of India's largest light engineering groups, comprising 41 companies, involved in the design, development and manufacture of diesel engines, automobile components, light engineering goods, plantations and services.
