Tractors

TREM IV emission norms may impact 7-8 % of domestic volume, says ICRA

The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion of the overall industry, less than 50 horse power (HP), constituting around 92 per cent of sales in FY22 would continue to be governed by Bharat Stage TREM IIIA norms, ICRA said in a statement. The implementation of the revised emission norms for the over 50-HP segment were initially slated to be implemented from October 2020, but was deferred multiple times with the government taking cognisance of industry representations amid the disruptions brought about by the pandemic. "India remains a medium-to-high HP tractor market, with around 80 per cent of the sales coming from the 30-50 HP categories. "The revised emission norms applicable from January 2023 would apply

In rain-affected Bengaluru, tractors turn unlikely heroes on roads

Tractor is the new buzz word trending in the high-tech circles of the city

Unacademy CEO's family evacuated on tractor in rain-battered Bengaluru

Heavy rainfall in Bengaluru continued to affect people's lives in the Silicon City, forcing the authorities to press tractors and boats into service to wade through the inundated roads

TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

Tractor demand unlikely to be impacted by interest rate hikes: Escorts CFO

The interest rate hike by RBI is unlikely to have a significant impact on tractor demand but high inflation is a concern that can affect sales, says Escorts Kubota Ltd Group CFO Bharat Madan

Ashok Leyland expands AVTR tractor segment with two new launches

With this launch, Ashok Leyland becomes the first Indian firm to offer tractors with 41.5T gross combination weight (GCW) and 43.5T GCW in two-axle configuration, the company said in a statement.

Murugappa Group to enter EV business, launch three-wheelers by Sept

Murugappa Group will also manufacture electric tractors this year through subsidiary

Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand

Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.

M&M hits new high; rallies 12% in three days on healthy demand prospects

While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.

Mahindra Auto may be divided into three separate units, says report

Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report

Haryana govt to exempt tractors from ban on old diesel vehicles in NCR

The Haryana government on Monday introduced a bill in the state assembly to exempt tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas

Will bring law to exempt tractors from ban on old diesel vehicles: Khattar

Haryana Chief Minister Manohar Lal Khattar on Monday said the state will bring legislation exempting tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas.

Escorts reports 30% decline in November tractor sales at 7,116 units

Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30% decline in total tractor sales at 7,116 units in November 2021.

VST Tillers surges 9% on inking distributorship agreement with ETGL Africa

In last 16 trading days, the stock of VST Tillers has soared 52 per cent after the company reported strong set of numbers for the quarter ended June 2021

Tractor sales set to hit speed bumps as pandemic reaches the hinterland

Sentiments have turned negative due to the persistent rise in cases; farmers are saving cash for health-related exigencies

M&M Finance eyes Rs 20,000-crore small-ticket loans via e-platform

The company expects to build a strong balance sheet in digital business unit which will not just add to the growth of M&M Finance but also help to retain existing customers

Farmers sow seeds of violence: Union ends tractor rally, security beefed up

One dead, many injured as protesters storm Red Fort

Over 200,000 tractors will be part of Jan 26 'kisan parade': Farmer leaders

Over 200,000 tractors will be part of the 'kisan parade' and around 2,500 volunteers will be deployed to facilitate the movement of the vehicles

M&M to manufacture K2 tractor series in Telangana; to invest Rs 100 cr more

Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..

We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar