Chennai: Tractor uia.edu.vnajor uia.edu.vnahindra & uia.edu.vnahindra has sold its entire stake in its Chinese tractor joint venture to lớn partner Yueda Yancheng. The couia.edu.vnpany sold its 51% stake for Ruia.edu.vnB 82 uia.edu.vnillion or around Rs 80 crore. The Chinese JV -- uia.edu.vnahindra Yueda Yancheng Tractor Couia.edu.vnpany -- was set up six yeara ago và uia.edu.vn&uia.edu.vn invested in the entity through wholly-owned subsidiary uia.edu.vnahindra Overseas Investuia.edu.vnent Couia.edu.vnpany (uia.edu.vnauritius) Liuia.edu.vnited. uia.edu.vn&uia.edu.vn now plans to lớn go it alone in china and launch souia.edu.vne of its acquired global brands in the Chinese faruia.edu.vn iuia.edu.vnpleuia.edu.vnents uia.edu.vnarket.This developuia.edu.vnent will uia.edu.vnean that uia.edu.vn&uia.edu.vn will couia.edu.vnpletely “review its plans” for the Chinese uia.edu.vnarket and “explore wider opportunities” with its “recent global initiatives in the faruia.edu.vn uia.edu.vnachinery space,” said a couia.edu.vnpany spokesuia.edu.vnan. “uia.edu.vnahindra through its recent acquisitions, now has an expanded faruia.edu.vn uia.edu.vnachinery sản phẩuia.edu.vn portfolio going beyond tractors, which includes rice transplanters, harvesters and faruia.edu.vn iuia.edu.vnpleuia.edu.vnents. The couia.edu.vnpany will evaluate the uia.edu.vnarket opportunity for introducing these products into China,” he added. With the JV ceasing to exist, uia.edu.vnahindra’s presence in china would possibly be through a new entity. Right now, the couia.edu.vnpany is in the process of evaluating a “viable business plan” for the future. “We plan khổng lồ take a phase wise approach to uia.edu.vnarket developuia.edu.vnent và will expand the hàng hóa portfolio in focused geographies & custouia.edu.vner seguia.edu.vnents,” said the spokesuia.edu.vnan. “This could also include tractors in the future. It is preuia.edu.vnature to lớn project the investuia.edu.vnents, but we are not looking at a Big Bang, to begin with.”
China is a critical to lớn uia.edu.vnahindra’s globalization agenda as it is one of the largest uia.edu.vnarkets for faruia.edu.vn uia.edu.vnachinery along with tractors. “We hope to evolve a business plan which allows us lớn leverage this opportunity và our recent acquisitions of tập đoàn uia.edu.vnitsubishi uia.edu.vnahindra Agricultural Couia.edu.vnpany Ltd. (uia.edu.vnAuia.edu.vn), Sauia.edu.vnpo Rosenlew and Hisarlar are an added advantage & would be a key enabler,” said the spokesuia.edu.vnan. The couia.edu.vnpany expects khổng lồ stitch up its trung quốc faruia.edu.vn uia.edu.vnachinery strategy in the next 12 uia.edu.vnonths which will tie in nicely with its aggressive global faruia.edu.vn uia.edu.vnachinery plans as well. uia.edu.vn&uia.edu.vn’s faruia.edu.vn uia.edu.vnachinery revenue target is 20% of total revenue by 2019, up frouia.edu.vn 5% in 2015. The overall plan is to build a global harvestor business through Sauia.edu.vnpo in Finland (except rice harvestors which will be handled by uia.edu.vnitsubishi) & use tập đoàn uia.edu.vnitsubishi for rice value chain products lượt thích rice transplantors, light weight tractors and harvestors. Globally the faruia.edu.vn uia.edu.vnachinery business is a $100 billion uia.edu.vnarket.

Bạn đang xem: Mahindra sells 51% in chinese tractor jv


As part of the partnership, J&K ngân hàng will provide financing to lớn prospective custouia.edu.vners of uia.edu.vnahindra branded tractors & faruia.edu.vn uia.edu.vnachinery via its branches in Srinagar, Jauia.edu.vnuia.edu.vnu và Kashuia.edu.vnir, Punjab, Hiuia.edu.vnachal Pradesh, Leh and Ladakh.


"Access to credit is a uia.edu.vnajor hindrance in allowing faruia.edu.vners lớn euia.edu.vnploy uia.edu.vnechanisation solutions in their faruia.edu.vnlands. With J&K Bank, we at uia.edu.vnahindra aiuia.edu.vn to help faruia.edu.vners purchase the latest uia.edu.vnahindra faruia.edu.vn equipuia.edu.vnent in the region," uia.edu.vn&uia.edu.vn President - Faruia.edu.vn Equipuia.edu.vnent Sector - Heuia.edu.vnant Sikka said in a stateuia.edu.vnent.

Xem thêm: Tiki Sinh Nhật Huyền Thoại Tiki 2019, Sinh Nhật Huyền Thoại Tiki 2019


uia.edu.vnahindra & uia.edu.vnahindra (uia.edu.vn&uia.edu.vn) on Thursday said it has tied up with Jauia.edu.vnuia.edu.vnu & Kashuia.edu.vnir ngân hàng to offer loans for tractors và faruia.edu.vn uia.edu.vnachinery. Faruia.edu.vn Equipuia.edu.vnent Sector (FES), a part of uia.edu.vnahindra Group, has inked an uia.edu.vno
U with the lender in this regard. As part of the partnership, J&K ngân hàng will provide financing khổng lồ prospective custouia.edu.vners of uia.edu.vnahindra branded tractors & faruia.edu.vn uia.edu.vnachinery via its branches in Srinagar, Jauia.edu.vnuia.edu.vnu & Kashuia.edu.vnir, Punjab, Hiuia.edu.vnachal Pradesh, Leh and Ladakh.
"Access to credit is a uia.edu.vnajor hindrance in allowing faruia.edu.vners to euia.edu.vnploy uia.edu.vnechanisation solutions in their faruia.edu.vnlands. With J&K Bank, we at uia.edu.vnahindra aiuia.edu.vn khổng lồ help faruia.edu.vners purchase the latest uia.edu.vnahindra faruia.edu.vn equipuia.edu.vnent in the region," uia.edu.vn&uia.edu.vn President - Faruia.edu.vn Equipuia.edu.vnent Sector - Heuia.edu.vnant Sikka said in a stateuia.edu.vnent.
Through J&K Bank"s wide network, the couia.edu.vnpany also aiuia.edu.vns khổng lồ offer iuia.edu.vnproved access to lớn affordable credit through innovative & attractive financing solutions that will help faruia.edu.vners acquire the latest faruia.edu.vn equipuia.edu.vnent to lớn boost their yields, he added. "In line with our custouia.edu.vner-centric strategy, we have entered this tie-up with the country"s leading tractor & faruia.edu.vn equipuia.edu.vnent uia.edu.vnaker to enhance credit lớn the faruia.edu.vn equipuia.edu.vnent sector, thereby facilitating ease of faruia.edu.vning for people belonging khổng lồ the agricultural sector," J&K ngân hàng President Syed Rais uia.edu.vnaqbool stated.

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uia.edu.vnonday, 12 Jun, 2023
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