increase font size
India accounted for around 36% of the estimated 2.5 million tractors sold worldwide last year.
While the average size of a tractor in India is much smaller than in Europe or North America, the market is booming, with a record 915,474 tractors sold last year – five times greater than the Western European and three times larger than North American markets.
In numerical terms, India accounted for around 36% of the estimated 2.5 million tractors sold worldwide last year.
Indeed, the 2023 figures were not only higher than the 900,000 tractors sold in 2021 and 2022, but a huge increase on the 700,000 units five years ago.
Building more than 150,000 tractors at its factories every year, Mahindra is the market leader, followed by another big player called Tafe and numerous other brands including Escorts, Farmer, and Sonalika. The Indian tractor market is also supplied by companies BCS, Argo with its McCormick and Landini brands, John Deere, New Holland, and SDF.
With an agricultural area of over 200 million hectares (140 million hectares cultivated and more than half irrigated), compared to New Zealand that has 13.8 million hectares (53.4% of total area) under agricultural use, the value of the Indian tractor and equipment market is expected to exceed €15 billion by 2025, rising from €11 billion in 2020.
While Nokia is more likely recognised for mobile devices, a major investment of €70m (NZ$126m) by global farm machinery brand AGCO at its facility in Linnavuori, in Nokia, will see the plant establish a new laboratory for testing combustion engines running on alternative fuels, alongside a range of electric solutions, including hybrids, fuel cells and high-voltage battery technology.
Evan Paxton and his family at Riverview Farms, Dargaville, are one of New Zealand’s leading suppliers of kumara.
There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally created in 1948 to deal with the population boom after the Second World War.
Think of a RAM 1500 or a Chevrolet Silverado and compare them to a Ranger or a Hilux: One is obviously a truck, and the other is a ute.
With effluent management never far from the thoughts of legislators and farmers becoming increasingly aware of the nutrient values of dairy effluent, innovate ideas for the convenient storage and subsequent discharge are always of interest.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
Making things simpler, not harder, for deer farmers in farm planning and coping with regulations is Deer Industry New Zealand (DINZ) industry capability manager John Ladley’s current focus.
Rural Women New Zealand (RWNZ) is launching an online business directory called The Country Women’s Collective to promote and support entrepreneurial rural women.
OPINION: There's an outpouring of concern over the parlous state of one of our major industries.
OPINION: Food security is a sore point in the UK, as a direct result of its National Food Strategy, and…
