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Monarch Tractors explores setting up a manufacturing unit in Telangana, expanding its Hyderabad R&D center for advanced electric tractors.
Monarch Tractors, a U.S.-based company known for its driver-optional electric tractors, is 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.
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.
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."
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."
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.
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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.