In collaboration with Japanese brand Mitsubishi, Mahindra and Mahindra (M&M) Ltd is going to launch a new range of tractors. This merger will help strengthen the position of M&M in domestic as well as overseas markets.
As per the five-year-old strategic agreement, Mahindra and Mahindra acquired a 33 percent stake in the Mitsubishi Agricultural Machinery (MAM) in order to develop quality products to address global opportunities in the rice value chain.
Elaborating on the news, Pawan Goenka, Managing Director, Mahindra & Mahindra, says, “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.”
As per The Hindu Businessline's report, the company is also working on intelligent tractors to enhance agricultural productivity and address the issue of shortage of skilled labor. As per the report, the new platform will be launched soon in mid-2021. These models will be introduced for two years across horsepower ranges.
