The newly launched hubs will be located in Koregaon and Karad talukas of district Satara in Maharashtra.
21 Oct 2016 | 10705 Views | By Autocar Pro News Desk
Mahindra’s Farm Equipment Sector (FES) has launched Trringo – the first ever tractor rental service – in the state of Maharashtra.
The newly launched hubs will be located in Koregaon and Karad talukas of district Satara in Maharashtra.
Trringo, a startup venture by Mahindra first launched in March
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Mahindra’s Farm Equipment Sector (FES) has launched Trringo – the first ever tractor rental service – in the state of Maharashtra.
The newly launched hubs will be located in Koregaon and Karad talukas of district Satara in Maharashtra.
Trringo, a startup venture by Mahindra first launched in March, is a unique first-of-its-kind physical digital model which allows farmers to rent tractors and other mechanised farm equipment for completing their farming requirements without actually having to invest in a tractor.
Speaking at the launch of its operations in Maharashtra, Arvind Kumar, CEO - Trringo, said, “We are pleased to inaugurate Trringo’s first two custom hiring centers in western Maharashtra. Trringo will play a pivotal role in driving rural prosperity by empowering farmers with advanced farm equipment’s thereby improving productivity and reducing cost. With the launch of the custom hiring centers in Karad, we will reach out directly to the farmers and enable them to deploy mechanization technology on a pay per use basis without having to invest in the asset. Further, it will generate rural employment and help bridge the gap between requirement and availability, offering farmers easy access to a wide variety of tractors”.
“The villages of Karad and Koregaon talukas have high density of small and marginal farmers, resulting in low mechanization and poor farm productivity. The launch of Trringo in this region will help address these challenges. Maharashtra is an important market for us and going forward our aim is to expand our operations by setting up similar key hubs in Gujarat, Madhya Pradesh and Rajasthan, other than Karnataka where we already have a presence,” he added.
With Trringo, farmers in India will now be empowered to order tractors, compared to the old ways where they had to face problems while ordering tractors in the unorganized market. The service provides a unique business model based on franchisees where a rural businessman will invest in five tractors and equipments suitable for major crops of that area and set up a hub or center for operations. In addition to this, farmers can also access the service through business hubs at select Mahindra auto and tractor dealerships and existing Samriddhi centers.
Trringo, with an initial investment of Rs 10 crore, has plans of setting up 80 such franchisees across the five states (Maharashtra, Gujarat, MP, Karnataka and Rajasthan) with around 160 hubs initially.
Also read: M&M may tap overseas markets for tractor rental business