site logo
Search Location Location

Ad

Ad

Ad

Monarch Tractors Considers Setting Up Manufacturing Unit in Telangana


By Robin Kumar AttriUpdated On: 13-Aug-24 05:48 AM
noOfViews9,685 Views

Follow Us:follow-image
Shareshare-icon

ByRobin Kumar AttriRobin Kumar Attri |Updated On: 13-Aug-24 05:48 AM
Share via:

Follow Us:follow-image
noOfViews9,685 Views

Monarch Tractors explores setting up a manufacturing unit in Telangana, expanding its Hyderabad R&D center for advanced electric tractors.
Monarch Tractors Considers Setting Up Manufacturing Unit in Telangana
Monarch Tractors Considers Setting Up Manufacturing Unit in Telangana

Key Highlights

  • Monarch Tractors is considering a manufacturing unit in Telangana.
  • Expansion of their Hyderabad R&D center planned.
  • Telangana CM met Monarch's management in the U.S.
  • Focus on autonomous, electric tractor technology.

Monarch Tractors, a U.S.-based company known for its driver-optional electric tractorsis exploring the possibility of establishing a manufacturing unit in Telangana. The company, which already has a presence in the state with a research and development (R&D) center in Hyderabad since 2023, is now considering further expansion.

Meeting with Telangana Chief Minister

The management team of Monarch Tractors recently met with Telangana Chief Minister A Revanth Reddy during his visit to the United States. The meeting focused on the feasibility of investing in a manufacturing unit in Telangana and expanding the company's existing R&D facility in Hyderabad. Chief Minister Reddy is currently leading a high-level delegation in the U.S. to attract investments to Telangana.

Expansion Plans in Telangana

Monarch Tractors discussed plans to expand their Hyderabad R&D center, which has been pivotal in developing their advanced driver-optional smart electric tractors. The company is also planning to set up an autonomous tractor testing facility in Hyderabad to support the ongoing R&D efforts.

Praveen Penmetsa, CEO of Monarch Tractors, expressed his enthusiasm about the discussions, stating, "Our R&D center in Hyderabad has been instrumental in building our advanced driver-optional smart electric tractors. We see an opportunity to expand our operations in Telangana, bringing more manufacturing and employment to the region."

Telangana's Vision for Innovation

The Telangana delegation has extended an invitation to Monarch Tractors to establish manufacturing operations in the state. The Chief Minister emphasized the state’s focus on attracting high-tech and environmentally-friendly companies, saying, "We are positioning Telangana as a leader in autonomous and electric vehicle technology. Monarch Tractors is aligned with that vision, and we hope to see them grow their presence in our state."

Revolutionizing Agriculture

Monarch Tractors is at the forefront of revolutionizing farming with the world's first fully autonomous, driver-optional smart electric tractor. By leveraging advanced technologies such as electrification, automation, and artificial intelligence, the company aims to address labor shortages while enhancing productivity and sustainability in agriculture.

Also Read: John Deere Enhances 6M Tractor Series with More Power and Speed for 2025

CMV360 Says

The potential establishment of a manufacturing unit in Telangana by Monarch Tractors could significantly boost the state's reputation as a hub for high-tech and sustainable agricultural solutions. With ongoing discussions and the company's commitment to innovation, Telangana may soon become a key player in the global autonomous and electric vehicle industry.

News


Haryana to Launch Lado Lakshmi Yojana: Women to Receive ₹2,100 Monthly

Haryana to Launch Lado Lakshmi Yojana: Women to Receive ₹2,100 Monthly

Haryana's Lado Lakshmi Yojana offers ₹2,100 monthly aid to empower women, enhancing financial support for eligible beneficiaries....

22-Nov-24 07:08 AM

Read Full News
Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Swaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik

Explore Swaraj Tractors' innovative range at Krishithon Expo, featuring advanced models designed to enhance farming productivity and efficiency....

21-Nov-24 10:25 AM

Read Full News
TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute

TAFE and AGCO clash over Massey Ferguson brand rights, with Madras High Court ordering status quo amid ongoing legal battles....

20-Nov-24 05:35 AM

Read Full News
VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards

VST Tillers unveils a 30HP tractor with Stage-V emission standards, combining eco-friendly technology, efficiency, and global market expansion....

19-Nov-24 05:32 AM

Read Full News
Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

Government to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit

The government offers loans with up to 7% interest subsidy for farmers, easing access to affordable funds for agricultural and other needs....

12-Nov-24 06:14 AM

Read Full News
Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth

Domestic tractor sales grew by 22.37% in October 2024, with 1,44,675 units sold. M&M Group led the market growth....

11-Nov-24 10:03 AM

Read Full News

Ad

Ad

As featured on:

entracker
entrepreneur_insights
e4m
web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.