Press Release: August 07, 2020
Mahindra & Mahindra Ltd is set to come out with a new range of tractors, developed in collaboration with Mitsubishi of Japan, to further strengthen its position both in the domestic and overseas markets.
About five years ago, M&M entered into a strategic agreement with Mitsubishi Agricultural Machinery (MAM) to acquire a 33 percent stake in the latter and to jointly develop products to address global opportunities in the rice value chain.
Pawan Goenka, Managing Director, Mahindra & Mahindra, said at the company’s earnings conference call: “We are working on a program for developing a new tractor platform called K2. It will have four tractor variants. These will be designed for both domestic and international markets. The work is primarily done in Japan in co-operation with Mitsubishi Agriculture Machinery. This is the most ambitious tractor development we have undertaken.”
While more details about the new platform are awaited, the company indicated that it is also working on intelligent tractors to increase agricultural productivity and address skilled labour shortage issues, among others.
The new K2 platform is expected to be launched in mid-2021 and models will be introduced for two years across horsepower ranges.
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