TAFE, the world’s third largest tractor manufacturer by volume, successfully acquired the renowned Serbian tractor and agriculture equipment brand IMT - Industrija Masina i Traktora. The cost of this acquisition is 66.8 million Serbian dinars (Rs 4.49 crore approx.)
IMT an iconic tractor brand is a pioneer in farm mechanisation and tractor technology with a wide range of implements and tractors suitable for cultivating agricultural land, vineyards, orchards and used for infrastructure applications. The implements range includes ploughs, trailers, maize planters, seed drills, cultivators and loader forklifts.
Well known for its indigenous R&D, IMT produced a range of tractors between 35 hp and 220 hp and is a popular tractor brand in Eastern Europe, Northern Africa and the Balkans.
TAFE’s has had a long association with IMT spanning many decades through business cooperation that involved the supply of components, aggregates and technical support. TAFE will support its local partner with supply of components and aggregates for the rollout of IMT tractors in Serbia and allied markets. Through this acquisition TAFE acquires the right to use the Brand and Intellectual Property Rights, including the Designs, Trademarks and Copyright (IPR) of IMT.
Tvarra, a brand synonymous protective riding headgear for women and young adults, unveiled its latest Hyp3 Kids’ helmet range, at the new flagship store at Nexus Mall, Koramangala in the presence of T...
Apollo Tyres has introduced Apterra HT5, a premium highway terrain tyre designed specifically for the core SUV segment, where urban sophistication meets highway dominance.
Galaxy, a leading global brand of construction, earthmoving and material handling tyres, has entered the fast growing UTV/ATV segment with two flagship patterns - Hulk PSX and Everest PSX. The new ran...