About Powertrac Tractor
The powertrac tractors belong to the Escorts group. Escorts group performs operations in the area of agriculture machinery, construction, railway equipment, and material handling equipment. The brand established in India in the year 1944. Hari prasad Nanda and Yudi Nanda established it. The Escorts Agri Machinery started manufacturing tractors in the year 1960 under the three brands names Powertrac, Farmtrac, and escort. The first escort tractor was launched in the year 1965. The company tied up with Ford tractors in 1969 which was later bought by New Holland India. At present, there is no relationship between both brands as the agreement breached in the year 1995.
Powertrac brand emerged out in the year 1998. The company's headquarters is in Haryana with Nikhil Nanda as the chairman and Managing director of the company. The Company has four manufacturing units in Faridabad, India. One abroad manufacturing plant is located in Poland.
Powertrac not only manufactures tractors, but it has many other agricultural products in its production house. The company undergoes various experiences during its innovative journey. The aim is to produce an efficient and Powerful tractor for Indian farmers. It became successful to a great extent in achieving so.
The ultimate goal is to gain customer satisfaction for this it established a knowledge Management Centre in 1976. The main objective of this center is to produce world-class level tractors through different breakthroughs.
The vision of the company for the coming two years is to produce standard and lead Indian farm machines that become a helping tool for our farmers and to occupy the challenging second position among the best tractor companies in India. So this is the brief history and information about its mission and vision. The mission is to aid the farmers in every single way through their innovative designs and efficient manufacturing. The Vision of the company also talks about customer welfare only. Therefore, the powertrac brands of tractors are there to help you out thoroughly and the fascinating history of the company supports the same cause.
Annual Financial Growth
In the financial year 2018-2019, 76.6% of the total revenue of the company came from its agri-machinery sector. The company witnessed an 11.7% growth rate from the previous fiscal year as the company's revenue was:
₹ 5016.0 crores in 2017-18, it has successfully reached to Rs.6196.4 crores in 201 8-19. In fact, due to its persisting efforts to produce something fresh and relevant, it has managed to have a satisfactory growth percentage in the previous five years.
The debt-equity ratio of the company in the financial year 2018-2019 was 0.09, which is pretty low for such a big company. It is low because of the good market capitalization, which is about 58.3%.
The four manufacturing plants at Faridabad manufacture about 100000+ tractors annually. Its only international plant situated in Poland, Europe has an annual capacity of manufacturing 2500 tractors. Therefore, despite having fewer manufacturing units, the company has managed to produce a good number of tractors for its customer, especially in India. Powertrac tractors are available from 25 HP rating to 80 HP rating with the Tractor price in 2020 ranges from ₹3,000,00 to ₹12,000,00.
This is the brief information about the company's statistics. Detail indicates the overall performance of the company. It shows how the company successfully able to increase its annual growth rate with the available minimum units of manufacturing. Also, the data gives information about the tractor price range. Moreover, the idea about its manufacturing plant can be found from the same.
Powertrac tractors have ubiquitous dealer networks across the nation. It has a good number of dealers in almost every state to facilitate its customers. This also leads to an increase in the company's sales. The whole network comprises of mail dealers, dealer branches, satellite dealers, and authorized service centers.
Powertrac tractors provide several platforms to the customer to be in touch with them. It has its offices in metro cities other than this it also has many sub-branches in other cities to have direct interaction.
The company also provides distinct online platforms like Customer Care Number 1800-103-2010, which gives 24×7 facility to customers to get their queries solved by the concerned person of the company. If your query is not supposed to be addressed at a lower level, then it is forwarded to the main office of the company located in Faridabad, Haryana. Customer satisfaction is every company's aim to obtain continuous growth and, hence they will try all possible ways to help you out. Therefore, get your confusion and complaints resolved by contacting them. To buy a Powertrac tractor, you can contact your nearest dealer available on the company's site. The company also provides finance facilities to reduce your financial burden.
These are some of the necessary procedures to be in contact with the powertrac brand of tractors.
The company wants to provide very good customer service and therefore will definitely help you in one way or the other but you just need to approach the nearest possible platform of the brand in order to get your problems and queries solved.
Powertrac provides tractors in the HP range of 25 HP - 60 HP. It manufactures tractors that fulfill the requirements of Indian farmers. The tractors are Powerful as well as fuel-efficient, which turns to be beneficial for the customer to buy it. Its wide HP range gives the variety to choose from. The company has produced several series which has distinct models having their specialties.
The Powertrac tractor's fuel tank capacity varies from 50 liters to 60 liters. The gearbox in powertrac tractors is arranged in a manner that helps in the smooth functioning of the tractor. The tractors have pretty good cubic capacity engines. All other tractor specifications are also designed as per the customer's need.
Powertrac tractors price in India ranges from 3,000,00 to 12,000,00. Therefore, it produces tractors that can be fitted into everyone's budget. The Powertrac tractor also gives sitting comfort and entertainment features in its tractors.