Tractor industry in the country plays a significant contributor to its agricultural sector and GDP. Not only national but there are international participants have the race of tractor sector in India.
As last recorded in 2013, India produced nearly 619,000 tractors per year accounting for 29% of world’s output. India currently has 16 domestic and 4 multinational corporations manufacturing tractors. It is estimated that tractor market has been growing at 7% to 8% per year.
Below mentioned is the list of list of top 10 Tractor companies in India 2016 which have aced in manufacturing a range of farm equipments such as tractor, harvester and agriculture equipments.
10. Standard Tractors
Founded in the year 1975, the company’s registered office is situated in New Delhi. Standard tractors are involved in harvesters and tractor business matching the industry standards prevailing the country.
Standard Preet tractors has secured the ninth rank in the list of top 10 tractor companies in India 2016.
9. Preet Tractors
Preet is market leader in segment of Self Propelled Combine Harvester and is India’s largest Combine Harvester Manufacturer.
Preet tractors has secured the ninth rank in the list of top 10 tractor companies in India 2016.
8. HMT Tractors
Since its inception in the year 1971, HMT Tractor Business Group has increasingly contributed its grit in building it into a brand to reckon with excellent farm equipments.
The brand owns nearly 15 area office and a network of 305 dealers.
7. Force tractors
Force tractors ha secured the seventh position in the list of top 10 Tractor companies in India 2016.
Not only the company manufactures quality tractors but has a strong foothold, with its top notch Balwan Series and Orchard tractors, but the entire automobile sector too.
6. John Deere
A US-based company which started its operations in the year 1837. John Deere is a global brand of repute which manufactures farm equipments, agricultural, construction, and forestry machinery, diesel engines etc.
John Deere was listed in the top 100 fortune brands in the world in the year 2013, stands sixth in the list of top 10 Tractor brands in India 2016.
5. New Holland
The brand had a humble beginning but eventually became one of the most revered enterprise worldwide.
New Holland stands fifth in the list of top 10 tractor companies in India 2016 and has been growing tremendously in the nation.
The brand is an innovator in agricultural equipments, construction & material handling equipment, railway equipment and auto components etc.
Escorts offers 45 variants starting from 25 to 80 HP tractor giving a great competition to its rivals.
Sonalika as a brand serves in more than 72 countries and has gained huge reputation in the market because of its excellent services and products offered and is country’s heavy duty tractor manufacturing company that produces bestselling tractors between 20 HP to 110 HP.
The company has gained the trust of over 6 lakhs patrons in more than 100 countries across the globe and secured the third in the list of top 10 tractor companies in India 2016.
TAFE’s most sold tractors brands of the company are Massey, Ferguson and Tafe.
The brand has been covering a vast network in the country boasting a sale of over 150,000 tractors (domestic and international) annually.
Tafe has a recorded annual turnover of INR 93 billion, is the third-largest tractor manufacturer in the world and the second largest in India by volumes.
The brands has the major stake in terms of sales volume and reliability among the large scale and small scale farmers in India, the brand has the capacity to build 150,000 tractors a year.
The company manufactures under varied range of tractors falling between 20 HP to 50+ HP power, and the company has been the market leader since 1983.