TAFE – Tractors and Farm equipment limited, is an Indian tractor major incorporated in 1960 at Chennai. It is the second largest tractor manufacturer in India and the third largest in the world by volumes. It markets tractors under the Eicher and Massey Ferguson brands and controls almost 20% of the tractor market in India. TAFE started as a partner of Massey Ferguson (owned by AGCO) over 58 years ago. This long-lasting partnership has established Massey Ferguson 1035 model as India’s most well recognized tractor. AGCO is a large US based farm equipment manufacturer. TAFE is major shareholder in AGCO Corporation. TAFE bought the Eicher brand of tractors from Eicher Motors in 2005. TAFE retained the brand name and has grown the market share of the Eicher brand of tractors. Through Massey Ferguson and Eicher tractors, TAFE has earned the trust of consumers. TAFE tractors are known for their quality and low cost of operations. TAFE has built a powerful distribution network of over one thousand dealers across its two brands - Massey Ferguson and Eicher. TAFE exports tractors to over 100 countries across the world in partnership with AGCO and indecently. TAFE recently acquired Serbian tractor brand IMT to enter into the high HP market. TAFE's factory at Turkey produces a variety of tractors for sales in Turkey through AGCO's dealer channel. Also, its footprint in China caters to TAFE’s ever-growing global sourcing requirements to its Indian and worldwide operations. TAFE's R&D facilities are centers of excellence noted for their innovation and engineering prowess. They are recognized by the Department of Scientific and Industrial analysis, Government of India. TAFE’s R&D centers have full range testing equipment which ensures that TAFE's products meet the standards demanded by the customers. Besides tractors, TAFE and its subsidiaries have various business interests in areas like farm-machinery, Diesel engines and gensets, agro engines, engineering plastics, gears and transmission elements, batteries, hydraulic pumps and cylinders, vehicle franchises and plantations. From a humble starting with just one tractor model in 1961, TAFE these days is recognized as a top-quality mass-manufacturer with an extensive product variety to fulfill the expectations of farmers in India and across the world.