Monarch likely to make e-tractors in Telangana
HYDERABAD: Chief Minister A Revanth Reddy on Saturday met representatives of Monarch Tractors, a US-based driver-optional electric tractor company and discussed expansion plans of the firm in Telangana with them.
Monarch Tractors has had a research and development centre in Hyderabad since 2023. The company discussed plans to expand this R&D centre, creating more high-tech jobs in the region. Following the discussion, Monarch announced that it intends to set up an autonomous tractor testing facility in Hyderabad to complement the R&D work it does here.
“We were delighted to meet Chief Minister Reddy and other officials to discuss our commitment to innovation in Telangana,” said Praveen Penmetsa, CEO of Monarch Tractors. “Our R&D centre in Hyderabad has been instrumental in building our advanced driver-optional smart electric tractors. We see an opportunity to expand our operations in Telangana, bringing more manufacturing and employment to the region,” he added.
