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TAFE expects growth faster than industry, to expand manufacturing capacity

The company is upbeat and is expanding its capacity in two of its plants, to meet the increasing demand in the market

Topics
Tafe  |  Tractors  |  Tractor Industry

Gireesh Babu  |  Chennai 

Tractors and Farm Equipment Limited (TAFE), the world's third largest tractor manufacturer in terms of volume, is expecting growth above the overall industry growth in India this year. The company is upbeat and is expanding its capacity in two of its plants, to meet the increasing demand in the market, said Mallika Srinivasan, chairman and CEO of the company.

The tractor industry has bounced back to a record high of 711,478 units with a 22 per cent growth from the previous year, during 2017-18 and has recorded a growth of 10.6 per cent during this year so far. The ...

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First Published: Wed, October 17 2018. 09:59 IST
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