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New Farmtrac Tractors Price, Features, Specifications, and Review in 2023

Farmtrac tractor models are frequently regarded as the finest and most well-known in India. These tractors beat their rivals with greater significance because they have comfortable seats, a powerful engine, easy-to-change gear, and other manageable characteristics that the desired tractor should have. Farmtrac tractor prices are significantly lower and easier to acquire in India. Farmtrac tractors, manufactured in India, have set the standard for producing unique and simple-to-use tractors that every farmer wants. Farmtrac provides high-quality tractors while keeping farmers' daily tasks in mind. Amazing tractor solutions from Farmtrac Tractor will improve the productivity and caliber of their work. Farmtrac is adamant that Indian farmers can use high-quality tools to help them achieve high-productivity farming.

The Farmtrac Tractor Company's entry into field mechanisation has aided in the transformation of agricultural challenges in rural India into possibilities. Farmtrac is a well-known brand of Escorts Agri Machinery, one of India's largest tractor makers. Farmtrac tractors were first supplied to India by the Escorts Kubota company in 1996. Farmtrac is a tractor manufacturer that specialises in cutting-edge engineering, high-performance tractors, and tractors with outstanding traction. The premium tractor model line is also affordable and well-known for pulling more traction with less exertion.

Farmtrac is a subsidiary brand of Escorts that offers Indian farmers a wide variety of well-equipped and heavy-duty tractors ranging from 22-80 HP at an affordable price for farmtrac tractors. Farmtrac tractors are well-known for their versatile and distinctive features, which are inexpensive, making them cost-effective and efficient tractors.

Farmtrac Tractor Features

Produce premium-range tractors with great efficiency.
Excellence always comes first.
Produces low-cost vehicles.
Offers exceptional after-sales support
Extremely adaptable to a broad variety of applications.
Tractors that demand little upkeep
Excellent worldwide engineering and technology coverage
Its layout is efficient.
It has a strong engine that needs little upkeep.
Farmtrac tractors are developed and engineered to provide farmers with comfort by utilising cutting-edge technologies.
In India, Farmtrac tractors are readily accessible and reasonably priced.
Farmtrac Tractor Series Models

Farmtrac ATOM - This line of small orchard tractors is available in 4WD Farmtrac Tractor models ranging from 22 to 35 horsepower. ATOM series versions feature powerful engines, cutting-edge technology, cool, spacious workspaces, plush seats, and tractor compartments. Furthermore, the Farmtrac small tractor is reasonably priced at Rs. 4.80 Lakh*.

Farmtrac Champion - In this category, the Farmtrac 45 model is common. This Champion series contains tractor models ranging from 35 HP to 45 HP that are loaded with cutting-edge technology. The Farmtrac Champion class tractor ranges in price from Rs. 4.90 Lakh* to Rs. 5.80 Lakh*. Whether it's fuel efficiency, gear power, or comfortable seating, these tractors provide the finest services for farming and agricultural requirements.

Farmtrac Powermaxx - Variants range from Farmtrac Tractor 50 HP to Farmtrac 60 HP. These tractors are mostly found on big farms. These Tractors are heavy-duty vehicles that are simple to handle in difficult and terrible farm regions. The Farmtrac Powermaxx variant is priced between Rs. 6.50 lakh* and Rs. 9.60 lakh*.

Farmtrac Ultramaxx - The Ultramaxx series contains two Farmtrac new tractor models with horsepower ratings of 47 and 65, making them suitable for farming and industrial applications. This Farmtrac tractor series is one of the finest. Farmtrac Ultramaxx versions are priced between Rs. 6.90 Lakh* and Rs. 9.90 Lakh*.

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According to ESOMAR-certified Future Market Insights’ (FMI) - Over the forecast period, the global electric vehicle battery housing market demand is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Mn in 2023. The market is anticipated to reach US$ 24,219.1 Mn by 2033.

The battery housing in an electric vehicle (EV) is the compartment that contains the battery pack. The battery pack is a critical component of the EV, providing the electrical energy to power the electric motor.

The Electric Vehicle Battery Housing can be made from various materials, including aluminum, steel, or composite materials. Some manufacturers also use materials such as carbon fiber to reduce weight and improve performance.

The design of the battery housing is also critical to ensure safety in the event of a collision or impact. Manufacturers design the housing to absorb and distribute energy in a crash, reducing the risk of battery damage or fire.

Overall, the battery housing is an essential component of an EV, protecting the battery pack and ensuring optimal performance, safety, and longevity."

Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

KEY TAKEAWAYS

The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
Japan is expected to hold 1.1% of the global market over the forecast period.
The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.
For more information: https://www.futuremarketinsigh....ts.com/reports/elect
COMPETITIVE LANDSCAPE

Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

Key Segmentation of the Electric Vehicle Battery Housing Market

By Material:

Metallic
Non-metallic
By Application:

Passenger Vehicle
Commercial Vehicle
By Cell Format Type:

Pouch Cell
Cylindrical Cell
Prismatic Cell

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As per the reports published by FMI, the global automotive OEM market share is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

Automotive OEM (Original Equipment Manufacturer) refers to a company that designs, engineers, and produces components or systems for use in the manufacture of automobiles. An automotive OEM can be a large company that produces complete vehicles, such as General Motors, Ford, or Toyota, or a smaller company that specializes in manufacturing specific parts, such as engines, transmissions, or steering systems.

Automotive OEMs typically work closely with vehicle manufacturers to develop and produce components that meet their specifications and quality standards. They may also work with suppliers to source raw materials and parts for the production process.

Automotive OEMs play a critical role in the automotive industry, as they are responsible for producing high-quality components and systems that meet safety, performance, and environmental standards. They invest heavily in research and development to create innovative technologies that improve the performance, efficiency, and safety of vehicles.

Key Takeaways from the Automotive OEM Market

The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period.
An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market.
The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period.
The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033.
The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033.
“Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom
Competitive Landscape in the Automotive OEM Market

Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.

Some of the key companies are

Toyota Motor Corporation.
Volkswagen AG.
Nissan.
Honda Motor Co.
Magna International Inc.
Continental AG.
CIE automotive.
Siemens.
BMW AG.
Exide Industries limited.
Denso Corp.
Robert Bosch, GMbH.
Valeo
Aptiv
Ford Motor Company.
Mitsubishi Motors Corp.
Recent Developments

Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales.
In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products.
Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India.