Read More>> CHENNAI: Tractor and Farm Equipment Company (TAFE), the country’s second largest tractor maker by volumes will target a capital investment of Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India, said Mallika Srinivasan Chairman and CEO of the company.
The additional capacity is planned at its facilities in Bhopal, Madhya Pradesh which makes the company’s ‘Eicher’ brand of tractorsNSE 1.75 % and Doddaballapur, Karnataka which makes its TAFE brand of tractors. The company said its capacity utilisation across three plants (including another tractor making plant in Madurai) currently stands at 110% and its current capacity across these plants stands at 1, 58,000 tractors.