Mahindra & Mahindra’s farm equipment sector (FES), a part of Mahindra Group, will manufacture a new tractor series called the ‘K2’, exclusively at the company’s tractor manufacturing facility at Zaheerabad in Telangana.
Developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India, the K2 series aims to create a lightweight tractor program for both domestic and international markets.
The new series will allow Mahindra to introduce products across four new tractor platforms, in the subcompact, compact, small utility and large utility tractor categories, covering 37 models across various HP points.
The new series will cater to domestic as well as international markets including the USA, Japan, and South-East Asia.
The new series will bring incremental investments of Rs 100 crore into the company’s Zaheerabad facility and double employment in the tractor plant by 2024.
Established in 2012, Zaheerabad is Mahindra’s youngest and largest tractor manufacturing plant in terms of capacity. The facility also manufactures the company’s next-generation range of Yuvo and Jivo tractors, including the recently launched Plus Series of tractors.
At present, Mahindra is the only tractor manufacturer in Telangana and has invested close to Rs 1,087 crore at its facility in Zaheerabad. The farm equipment manufacturing unit employs over 1,500 workers, with a capacity of over 1,00,000 tractors per year on a two-shift basis.
The plant is technologically advanced, with the flexibility to roll-out over 330 different tractor variants ranging from 30 HP to 100 HP.