TAFE – Tractors and Farm Equipment Limited, an Indian tractor major incorporated in 1960 at Chennai, with an annual turnover of INR 93 billion (2014-15). The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually. TAFE's partnership with AGCO Corporation and the Massey Ferguson brand for over 58 years is a stellar example of its commitment to building long-term relationships with its stakeholders through fair and ethical business practices. TAFE is also a significant shareholder in AGCO Corporation, USA – a US $8.3 billion tractor and agricultural equipment manufacturer.