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But investment apart, the group is actively working in the agri tech space to harbour its startup dreams. The group has launched MyAgriGuru, an agricultural advisory platform that helps farmers manage their crops by providing information on weather, pricing, etc.
Posted: February 21, 2017, 7:56 amRead more
Sonalika has strengthened its domestic presence by growing more than 17% and has also grown by 21% by shipping 10,084 tractors from April’16 to January’17.
Posted: February 15, 2017, 7:22 pmRead more
Mahindra & Mahindra said, "DiGiSENSE will enhance productivity of the farmers using Arjun Novo and will also provide them with a new ownership experience."
Posted: February 15, 2017, 4:15 pmRead more
Revenues from the Auto division was Rs 15.5 crore in the quarter ending December 2016 as against Rs 18.5 crore in December 2015. As a part of strategic reorientation Escorts have divested Auto Product business.
Posted: February 9, 2017, 3:19 pmRead more
Several tractor manufacturers ET spoke to said sales are likely to grow 18-19% to 5.8-5.85 lakh units by the end of this fiscal. If this comes true, it will be the second highest sales volume recorded in the domestic tractor market in a year after sales surged 20% to a record high of 6,34,151 units in 2013-14.
Posted: January 30, 2017, 8:04 amRead more
Caterpillar, which manufacturers equipment for the construction, mining and energy industries, cited "early indications of modest recovery in several of our businesses," due in part to higher commodity prices.
Posted: January 27, 2017, 3:30 pmRead more
In a note on Monday, Ind-Ra said securities backed by tractor loans witnessed highest movement of delinquent loans mainly because of the high dependence on cash.
Posted: January 23, 2017, 8:01 pmRead more
Under the transaction, which is expected to close by April 2017, Mahindra will acquire a 75.1% equity stake in Hisarlar for 71 million Turkish Lira (around Rs 126 crore). The association will help in growing the farm equipment business in Turkey and Europe.
Posted: January 20, 2017, 11:34 amRead more
There is greater scope for autonomous vehicles (tractors) in the farm sector in the country than on the roads, according to Pawan Goenka, managing director, Mahindra & Mahindra.
Posted: January 19, 2017, 10:13 amRead more
In one of the largest foreign capital inflow into India’s core agriculture-related industrial sectors, Japan’s Yanmar agreed to buy 17.5% stake in ITL.
Posted: January 10, 2017, 8:32 amRead more
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