Farm Equipment News

Auto News

International Tractors Limited launches 2 new tractor brands in India

As Solis and Yanmar make their foray into India’s farm equipment industry with their complete global rangeITL plans to sell 50,000 units under its Solis and Yanmar brands in the next 5 years on the back of a separate retail network of 400 dealerships

2 min read10 Jul 2019
Market

Escorts: Rural demand props up Q4, other businesses do well too

But Escorts shares did not react favourably to the excellent Q4 result. This may be because the overall revenue and profit was just in line with expectations

1 min read18 May 2018
Market

M&M fires on all cylinders to clock impressive profit growth

M&M's profit growth was driven by power-packed sales

2 min read12 Feb 2018
Market

Rural growth improves outlook, but is Mahindra spreading itself too thin?

June quarter operating margin of Mahindra along with its wholly owned unit Mahindra Vehicle Manufacturers narrowed by around 110 basis points to 13.1%

2 min read7 Aug 2017
Industry

Escorts to offer mechanisatio services to farmers: MD Nikhil Nanda

Escorts is running pilot projects on mechanisation services and is looking to scale up the business significantly in the next five to six years, for which it is open to partnerships

2 min read6 Aug 2017
Companies

IFC to invest $100 million in M&M Financial’s NCDs

IFC's investment in its NCDs will support lending by Mahindra and Mahindra Financial Services to the farm sector

1 min read16 May 2017
Industry

SBI to allow one-time settlement for tractor, farm equipment loans

MD (national banking) Rajnish Kumar says SBI is willing to take an up to 40% haircut on such farm loans but the offer is applicable to loans up to Rs25 lakh

2 min read15 Mar 2017
Companies

Mahindra Q3 profit rises 33% to Rs1,112 crore

Mahindra saw a 7% decline in the company's revenue from the automotive segmentits largest line of businessto Rs7,453.08 crore

1 min read11 Feb 2017
Companies

Mahindra acquires 75% stake in Turkish farm-equipment maker Hisarlar

Mahindra says as per the transaction, which is expected to close by this April , the firm will acquire a 75.1% equity stake in Hisarlar

1 min read21 Jan 2017
Companies

Sonalika Tractors in talks to set up a plant in China

Sonalika International head Gaurav Saxena says in talks with a Chinese tractor maker to form a joint venture for a plant it is putting up in Shandong province

2 min read27 Dec 2016
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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