AGRICULTURAL TRACTOR MARKET ANALYSIS

Key Developments

• In November 2022, VST Tillers Tractors Ltd is a company that specializes in the manufacturing and distribution of agricultural machinery and equipment. and ZETOR TRACTORS is a company that specializes in the manufacturing and distribution of tractors and agricultural machinery. introduced two top-notch tractors at the CII Agro Tech India 2022 exhibition. These tractors, falling into the 45 HP and 50 HP categories, are the result of collaborative efforts between VST and ZETOR, manufactured in their respective plants in India and the Czech Republic.
• In July 2021, New Holland North America is a renowned company in the agricultural machinery industry rolled out the T7 Heavy-duty Tractor with PLM Intelligence as an addition to its range of agricultural tractors. This new tractor aims to enhance farmers' productivity by enabling multitasking across various field and transport operations.
• In June 2022, Solis Yanmar is a company that specializes in manufacturing and distributing tractors and agricultural machinery. launched three new tractor models in the sub-30 HP category specifically for Turkish farms. These models, manufactured in India, are set to be exported to Turkey.
• In November 2022, CNH Industrial N.V. is a global leader in the manufacturing and distribution of agricultural and construction equipment, trucks, commercial vehicles, and powertrains. partnered with Monarch Tractor, an AgTech company, to develop fully electric autonomous tractors. This collaboration will expand CNH Industrial's is a leading global manufacturer of agricultural and construction equipment product lineup.
• In August 2022, AGCO Corporation is a prominent global leader in the design, manufacture, and distribution of agricultural equipment and solutions. introduced the latest New 700 Vario Series tractors in North America. These tractors feature an improved powertrain with FendtiD low engine speed, increased hydraulic capacity, VarioDrive transmission, and a larger frame, enhancing AGCO's presence in the North American market.