Top 10 Tractor companies in India(2022).

Indian Tractor companies have historically played a dominant role in farm mechanization and increasing productivity. The first tractors in India were bought in the 1940s, but their use became more widespread in the early 1960s with the full-fledged entry of homegrown companies.

Over the decades, India has become the largest producer of tractors in the world and a major exporter, though the domestic industry retains its growth potential.

1. Mahindra & Mahindra Limited

• Founded: 1947
• Headquarter: Mumbai
• Listed in Exchange: NSE(M&M), BSE(500520)
• Brand: Mahindra Trakstar and Swaraj
• Industry: Passenger Cars & Utility Vehicles
• website: www.mahindra.com

Mahindra & Mahindra Company profile:

Mahindra & Mahindra Ltd is formally known as M&M and its the flagship company of the Mahindra Group and group is one of the largest and most admired multinational federations of companies within over 100 countries.

M&M has a wide range of products and solutions ranging from SUVs, pickups, commercial vehicles,
and tractors, electric vehicles, two-wheelers, and construction equipment.

M&M has played a major role for helping farmer and introduced many innovative product and M&M has raked no 1 in tractor companies in India by production.

In 1961, M&M launched its first tractor to support India’s green revolution and it has becomes the largest selling tractor brand in 1983.

Trakstar Tractors are manufactured by Gromax Agri Equipment Ltd. it was acquired by Mahindra group in 1999 and is also named Mahindra Gujarat Tractor Ltd.

In 2007 M&M acquires Punjab Tractors Ltd(Swaraj tractor) consolidating its market leadership to keep its position in the market. M&M is World’s largest tractor company by volume.

M&M tractor factories are Rudrapur tractor plant has rolled out 7.5 lac+ tractors, while Zaheerabad tractor plant has rolled out 2.5 lac+ tractors and also in Jaipur, Vadodara, Rudrapur, Nagpur, Kandivali.

Mahindra’s most ambitious lightweight tractor program. Made in collaboration between
Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India, the K2 series will enable Mahindra to introduce products across four new tractor platforms, in multiple categories, and various HP points.

M&M Financial Information:

• Revenue from operation: 2,540,33 crores
• Profit before tax: 4,639.35 crores
• Profit of the year FY22: 3,640,4 crores

The key ratio of M&M

• Debtors Turnover (times): 26.96
• Inventory Turnover (times): 13.05
• Interest Coverage Ratio (times): 9.07
• Current Ratio (times): 1.34
• Debt Equity Ratio (times): 0.22
• Operating Profit Margin (%): 14.4 %
• Net Profit Margin (%): 0.6%
• Return on Net Worth (%): 0.8%

2. V.S.T Tillers Tractors Limited

• Founded: 1967
• Headoffice: Bengaluru
• Listed in Exchange: NSE(VSTTILLERS), BSE(531266)
• Brand: VST
• Industry: Tractors
• website: www.vsttractors.com

VST Tillers Tractors company profile:

V.S.T Tillers Tractors Limited is formally known as VST is the largest manufacturer of power tillers and 4
wheel drive compact tractors in India and belongs to the VST Group of companies.

V.S.T Tillers Tractor companies is the largest Indian manufacturer of Tillers, 4WD Compact Tractors and amongst the leading producers of the other category Tractors, Engines, Transmission, Power Reaper and Precision Components. VST also exports products to European, Asian, and African markets.

VST has state-of-the-art plants in India, at Malur, Mysore & Hosur, and produces superior quality
products that comply with global standards.

VST has entered strategic alliances with Pubert from France for Power Weeders and a product development agreement with Zetor from the Czech Republic for Higher Horse Power Tractors. VST has also signed a supply agreement with Farm Mech Taiwan and MTD, USA.

VST has invested in Zimeno inc, California, USA, a Manufacturer of driver optional born electric tractors in the brand name Monarch

VST offers a wide range of products

Power tillers are affordable farm mechanization equipment, extremely useful for small and marginal farmers

VST Tractors offer a variety of compact and HHP tractors through ‘VST’ and ‘VST FIELDTRAC’
brands, for domestic as well as international markets.

V.S.T Tillers Tractors Financial position:

• Revenue from operation: 88,795 lakhs
• Profit before tax: 13,218 lakhs
• Profit of the year FY22: 9,931 lakhs

3. Escorts Limited

• Founded: 1944
• Headoffice: Haryana
• Listed in Exchange: NSE(ESCORTS), BSE(500495)
• Brand: Farmtrac and Powertrac
• Industry: Tractors
• website: www.escortsgroup.com

Escorts company profile:

Escorts is a leading engineering conglomerate offering solutions for agriculture, infrastructure
and railways.

Escorts actively contributing is actively contributing to the country’s efforts towards farm mechanization and infrastructure development, while establishing India’s engineering capabilities in the world and working towards our credo of spreading prosperity and impacting lives

Escort is a top leading Tractor companies in India and their innovating product makes a major difference in the domestic market.

• Escorts currently provide a technologically superior range of 12 HP to 120 HP tractors.
  • 3 plants in India for tractors and components, Faridabad, Haryana
  • 1 plant in Poland (100% subsidiary) catering to Eastern Europe
  • 1 plant In India as Escorts Kubota India JV with an annual installed capacity of 50,000 tractors
  • 1 plant in India as Adico Escorts JV
  • 1,20,000 UNITS Annual production capacity

• Escort focus on Tractor
  • Technologies to boost power and reduce fuel consumption
  • New innovative feature enhancements for better productivity and convenience
  • Electric Tractor – Technology roadmap for low-cost Electric components and making it
  • affordable for farmers
  • Telematics – Connected Smart Tractors for information on Safety, Operation & Service
  • Digitisation Predictive forecasting technology
  • Precision– Advanced tractors capable of precision farming for best productivity
  • Automation – Autonomous tractors which are self-driven and going forward integrated with AI for efficiency, precision, and productivity
  • Alternate Fuel – Alternate fuel or Hybrid fuel e.g. CNG, Methane, Hydrogen, etc.

Escorts Financial position:

• Revenue from operation: 7,365.70 crores
• Profit before tax: 1,021.88 crores
• Profit of the year: 765.61 crores

4. Tractors and Farm Equipment Limited

• Founded: 1960
• Headoffice: Chennai
• Brand: Massey Ferguson, TAFE, Eicher, and IMT
• Industry: Tractors
• website: www.tafe.com

Tractors and Farm Equipment company profile:

Tractors and Farm Equipment Limited is formally known as TAFE and It is the third-largest tractor manufacturer in the world and the second-largest tractor companies in India by volume.

TAFE’s partnership with AGCO Corporation and the Massey Ferguson brand for over 60 years strengthened its position in the market.

TAFE has a strong distribution network of over 1600 dealers and holds four iconic tractor brands – Massey Ferguson, TAFE, Eicher, and IMT

TAFE has diverse businesses in areas such as farm machinery, diesel engines, agro engines, engineering plastics, gears and transmission components, batteries, hydraulic pumps and cylinders, vehicle franchises, and plantations.

TAFE’s plant in Turkey manufactures a range of tractors for distribution in Turkey through AGCO’s dealer network. TAFE acquired Eicher’s tractors, gears, and transmission components and engines business in 2005 through a wholly-owned subsidiary, TAFE Motors and Tractors Limited (TMTL).

5. John Deere India Private ltd

• Founded: 1997
• Headoffice: Maharashtra 
• Brand: John Deere
• Industry: Tractors
• website: www.deere.co.in/

John Deere India company profile

John Deere India belongs to Deere & Company, a USA-based company and they have led the way in developing innovative solutions to help customers become more productive.

John Deere is has made uniquely identify to deliver both economic and sustainable for customers through advanced technology and solutions

John Deere has leading postion in the tractor companies in the world and helping farmer around the world.

• In India John deere manufacturing plants are
  • Dewas(Madhya Pradesh): agriculture tractors
  • Pune: agriculture tractors, engines, transmissions, electronics, technology center
  • Sirhind(Punjab): combine harvesters

It also runs John Deere Financial India Private Limited (JDFIPL) a Non-Banking Finance Company registered with the Reserve Bank of India. JDFIPL provides customized finance products & solutions that suit customer requirements enabling them to purchase John Deere Equipment and traded products

6. New Holland India Pvt Ltd

• Founded: 1998
• Headoffice:  Haryana
• Listed in Exchange:
• Brand: New Holland
• Industry: Tractors
• website: www.agriculture.newholland.com/apac/en-in

New Holland India Company profile:

New Holland India company belongs to New Holland which is Italy based company. It is a vertical line of the agriculture machine manufacturer.

New Holland is a tractor companies and their products include tractors, combine harvesters, balers, forage harvesters, self-propelled sprayers, haying tools, seeding equipment, hobby tractors, utility vehicles and implements, and grape harvesters.

In India, they initiated to launch 70 HP tractor in the Indian market and its record success in the market and they introduced various HP tractors to the market

New Holland manufacturing plant in Noida is one of the most advanced tractor plants in India with an annual production capacity of 60,000 tractors.

The plant has various awards in national and International for Quality & Manufacturing Excellence.

• Achieved Silver level in World Class Manufacturing by scoring 60 points
• Received Gold Medal in the Auto & Auto Ancillary Sector for ‘National Awards for Manufacturing Competitiveness’ by International Research Institute for Manufacturing (IRIM)
• Gold Award for ‘Manufacturing Excellence’ by Frost and Sullivan

7. Kubota Agricultural Machinery India Pvt. Ltd

• Founded: 2008
• Headoffice: Faridabad, Haryana
• Brand: kubota
• Industry: Tractors
• website: www.Kubota.co.in/

Kubota Agricultural Machinery India company profile:

Kubota Agricultural Machinery India is formally known as KAI and It is a subsidiary of Kubota Corporation Japan-based company.

KAI contributed innovative machines in the agriculture field and leading tractor companies in india and supplies Tractors, Rice transplanters, Combine harvesters, and Power tillers, as well as implements and attachments.

KAI started its product to sell in Chennai in 2008, and in 2010 they have started their plant in Chennai and also in Pune

KAI has come with the japan technology for helping farmers in the Agri field with their innovative products and their spares.

8. Force Motors Limited

• Founded: 1958
• Headoffice: Mumbai
• Listed in Exchange: NSE(FORCEMOT), BSE(500033)
• Brand: BALWAN, ORCHARD
• Industry: Passenger Cars & Utility Vehicles
• website: www. forcemotor.com

Force Motors Company profile:

Force Motors is based in the automobile industry in India and there are fully vertically integrated, making its own engines, chassis, gearboxes, axles, bodies, etc. for the entire product range

Force motor includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Special Utility Vehicles (SUV), and Agricultural Tractors

Force motor initiated their work in the production of tempo 3 wheeler in 1958 and continuously they have increased their portfolio in petrol and diesel LCV, there are in the collaboration of production bus and truck, heavy gearbox, BMW Engine, Mercedes engine

Force motor Tractor companies are designed from the mini tractor and every agriculture vehicle are and their parts are easily available and repairable throughout the country.

Force Motor Financial information:

• revenue from operation: 50 crores
• profit before tax: (130) crores
• profit of the year:(91) crores

9. Sonalika International Tractors ltd

• Founded: 1969
• Headoffice: Hoshiarpur, Punjab
• Brand: sonalika
• Industry: Tractors
• website: www.sonalika.com

Sonalika International Tractors company profile:

Sonalika ITL has come a long way to become one of the leading tractor brands with a presence in over 130 countries.

Sonalika is on a transformative journey to emerge as a mega agri brand with a vision of leading tractor companies and agri based evolution.

The sonalika continues to innovate across the Agri value chain by catering to the farmer’s needs with its budget tractor range as well as premium tractor range.

Sonalika has established World’s No.1 integrated tractor manufacturing plant in Hoshiarpur, Punjab with a production capacity of 3 lakh tractors annually.

The Sonalika plant is widely spread across many acres and has 10 different manufacturing units which produce a heavy-duty tractor range of Sonalika.