TAFE files case against AGCO over brand use
The New Indian Express|October 01, 2024
A corporate war is brewing between the Chennai-based TAFE, the second largest producer of tractors in India and the third-largest in the world, and the US-based agricultural equipment maker AGCO Corporation.
TAFE files case against AGCO over brand use

TAFE has filed a contempt case against AGCO in Chennai for trying to wrest the Indian company's rights to use the Massey Ferguson brand in India.

TAFE is a strategic investor and the largest single shareholder in push back its ownership interest. TAFE had flagged concerns over issues plaguing the US company, including flaws with its corporate governance, inadequate engagement with shareholder and financial and operational performance in key areas.

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