<SEC-DOCUMENT>0001193805-25-000153.txt : 20250211
<SEC-HEADER>0001193805-25-000153.hdr.sgml : 20250211
<ACCEPTANCE-DATETIME>20250211091037
ACCESSION NUMBER:		0001193805-25-000153
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250211
DATE AS OF CHANGE:		20250211

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AGCO CORP /DE
		CENTRAL INDEX KEY:			0000880266
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				581960019
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43776
		FILM NUMBER:		25607872

	BUSINESS ADDRESS:	
		STREET 1:		4205 RIVER GREEN PKWAY
		CITY:			DULUTH
		STATE:			GA
		ZIP:			30096
		BUSINESS PHONE:		7708139200

	MAIL ADDRESS:	
		STREET 1:		4205 RIVER GREEN PARKWAY
		CITY:			DULUTH
		STATE:			GA
		ZIP:			30096

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRINIVASAN MALLIKA
		CENTRAL INDEX KEY:			0001525527
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		TRACTORS AND FARM EQUIPMENT LIMITED
		STREET 2:		NO 35 NUNGAMBAKKAM HIGH ROAD
		CITY:			CHENNAI
		STATE:			K7
		ZIP:			600 034
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <amendmentNo>21</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>02/11/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000880266</issuerCIK>
        <issuerCUSIP>001084102</issuerCUSIP>
        <issuerName>AGCO CORP /DE</issuerName>
        <address>
          <com:street1>4205 River Green Pkway</com:street1>
          <com:city>Duluth</com:city>
          <com:stateOrCountry>GA</com:stateOrCountry>
          <com:zipCode>30096</com:zipCode>
        </address>
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      <authorizedPersons>
        <notificationInfo>
          <personName>Andrew M. Freedman</personName>
          <personPhoneNum>212-451-2300</personPhoneNum>
          <personAddress>
            <com:street1>Olshan Frome Wolosky LLP</com:street1>
            <com:street2>1325 Avenue of the Americas</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10019</com:zipCode>
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        </notificationInfo>
        <notificationInfo>
          <personName>Dennis Hranitzky</personName>
          <personPhoneNum>212-849-7000</personPhoneNum>
          <personAddress>
            <com:street1>Quinn Emanuel Urquhart &amp; Sullivan LLP</com:street1>
            <com:street2>51 Madison Avenue, 22nd Floor</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10010</com:zipCode>
          </personAddress>
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      <reportingPersonInfo>
        <reportingPersonCIK>0001621553</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Tractors &amp; Farm Equipment Ltd</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K7</citizenshipOrOrganization>
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        <aggregateAmountOwned>12150152.00</aggregateAmountOwned>
        <isAggregateExcludeShares>Y</isAggregateExcludeShares>
        <percentOfClass>16.3</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001621526</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>TAFE Motors &amp; Tractors Ltd</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K7</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>3262321.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
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        <aggregateAmountOwned>3262321.00</aggregateAmountOwned>
        <isAggregateExcludeShares>Y</isAggregateExcludeShares>
        <percentOfClass>4.4</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001525527</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>SRINIVASAN MALLIKA</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K7</citizenshipOrOrganization>
        <soleVotingPower>23713.00</soleVotingPower>
        <sharedVotingPower>12150152.00</sharedVotingPower>
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        <sharedDispositivePower>12150152.00</sharedDispositivePower>
        <aggregateAmountOwned>12173865.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>16.3</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>AGCO CORP /DE</issuerName>
        <issuerPrincipalAddress>
          <com:street1>4205 River Green Pkway</com:street1>
          <com:city>Duluth</com:city>
          <com:stateOrCountry>GA</com:stateOrCountry>
          <com:zipCode>30096</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item3>
        <fundsSource>Except for the 23,713 shares that Ms. Srinivasan (together with the Companies (as defined below), the "Reporting Persons") holds directly and that were awarded to her under the AGCO Corporation 2006 Long-Term Incentive Plan for her services as a director of the Issuer, the source of the funds used by the Reporting Persons to purchase the reported shares, pursuant to the Purchase Plans, was the working capital of Tractors and Farm Equipment Limited ("TAFE") or of TAFE Motors and Tractors Limited ("TAFE Motors and Tractors" and, together with TAFE, the "Companies"). The Reporting Persons paid a total of $585,803,125.51 (exclusive of brokers' commissions and other administrative costs) to purchase the reported shares. Ms. Srinivasan did not pay for the shares that were awarded to her under the AGCO Corporation 2006 Long-Term Incentive Plan.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>Item 4 of the Schedule 13D is hereby further amended and supplemented by adding the following:

On February 11, 2025, TAFE issued a press release (the "February 11 Press Release") expressing its deep concerns regarding the Issuer's unsuccessful integration of PTx Trimble and the Issuer's disappointing financial results, as well as its broader operational and governance issues. In the February 11 Press Release, TAFE highlights that the Issuer's revenue and operating margin have trailed peers for more than a decade despite the significant capital that the Issuer has invested in numerous acquisitions, and that the Issuer's recent analyst day and financial results have only exacerbated TAFE's concerns regarding the Issuer's strategic direction and oversight of the Issuer's businesses.

In addition, TAFE notes in the February 11 Press Release that the Issuer has yet to disclose key metrics related to PTx Trimble, including its 2024 performance, 2025 outlook and the impact of layoffs, after having spent $2 billion to acquire PTx Trimble technology assets. Just as concerning for TAFE is the approximately $354 million goodwill impairment charges (representing a write-off of roughly 17% of PTx Trimble's price tag) that comes less than one year after the deal was consummated. Further, TAFE also notes that it appears PTx Senior Vice President and General Manager Seth Crawford has been removed from the Issuer's website, suggesting his apparent departure and serious integration issues at PTx Trimble. TAFE also expressed disappointment with the Issuer's worse-than-expected dealer inventory levels in the fourth quarter, which TAFE believes is further evidence of the Issuer's inability to effectively forecast and navigate the industry downcycle.

The February 11 Press Release also states that TAFE has withdrawn its 14a-8 Shareholder Proposal, effective February 11, 2025, due to its belief that even stronger actions need to be taken to strengthen the Board's oversight of management and ensure a focus on shareholder value creation in light of the Issuer's ill-conceived efforts to exclude the proposal from its 2025 proxy statement. The February 11 Press Release concludes by noting that TAFE continues to engage with the Issuer in good faith and remains open to a constructive resolution that benefits all the Issuer's stakeholders, and TAFE reserves all rights to take whatever steps it believes are necessary to enhance the Issuer's governance practices and protect shareholder value at the Issuer's upcoming Annual Meeting.

A copy of the February 11 Press Release is attached hereto as Exhibit 99.1 and incorporated herein by reference.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The aggregate percentage of shares reported owned on this Schedule 13D is based on 74,645,281 shares of Common Stock outstanding as of November 1, 2024, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 7, 2024. As of the date hereof (i) TAFE beneficially owned 12,150,152 shares of Common Stock, which constituted approximately 16.3% of the Common Stock outstanding; (ii) TAFE Motors and Tractors beneficially owned 3,263,321 shares of Common Stock, which constituted approximately 4.4% of the Common Stock outstanding; and (iii) Ms. Srinivasan beneficially owned 12,173,865 shares of Common Stock, which constituted approximately 16.3% of the Common Stock outstanding, including the 23,713 shares she holds in her individual capacity. Ms. Srinivasan disclaims beneficial ownership of the Common Stock beneficially owned by each of the Companies, and this report shall not be deemed an admission that Ms. Srinivasan is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose. Each of the Companies disclaims beneficial ownership of the 23,713 shares of Common Stock owned directly by Ms. Srinivasan in her individual capacity, and this report shall not be deemed an admission that either of the Companies is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose. TAFE Motors and Tractors disclaims beneficial ownership of the 8,886,831 shares of Common Stock purchased on behalf of TAFE under the Purchase Plans, and this report shall not be deemed an admission that TAFE Motors and Tractors is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose.</percentageOfClassSecurities>
        <numberOfShares>A. TAFE
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 12,150,152
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 12,150,152

B. TAFE Motors and Tractors
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 3,263,321
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 3,263,321

C. Mallika Srinivasan
1. Sole power to vote or direct vote: 23,713
2. Shared power to vote or direct vote: 12,150,152
3. Sole power to dispose or direct the disposition: 23,713
4. Shared power to dispose or direct the disposition: 12,150,152</numberOfShares>
        <transactionDesc>None of the Reporting Persons has entered into any transactions in the securities of the Issuer during the past sixty days.</transactionDesc>
        <listOfShareholders>Not applicable</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item7>
        <filedExhibits>Item 7 is hereby amended to add the following exhibit:

99.1 - Press Release, dated February 11, 2025</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Tractors &amp; Farm Equipment Ltd</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Andrew M. Freedman</signature>
          <title>Andrew M. Freedman, attorney-in-fact*</title>
          <date>02/11/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>TAFE Motors &amp; Tractors Ltd</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Andrew M. Freedman</signature>
          <title>Andrew M. Freedman, attorney-in-fact*</title>
          <date>02/11/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>SRINIVASAN MALLIKA</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Andrew M. Freedman</signature>
          <title>Andrew M. Freedman, attorney-in-fact*</title>
          <date>02/11/2025</date>
        </signatureDetails>
      </signaturePerson>
      <commentText>* This Amendment No. 21 to Statement on Schedule 13D was executed by Andrew M. Freedman as Attorney-In-Fact for Tractors and Farm Equipment Limited, TAFE Motors and Tractors Limited and Mallika Srinivasan, pursuant to the Limited Power of Attorney granted by them, which is included as Exhibit E to Amendment No. 18 to Statement on Schedule 13D filed by the Reporting Persons on August 6, 2024.</commentText>
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<DESCRIPTION>PRESS RELEASE, DATED FEBRUARY 11, 2025
<TEXT>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TAFE Comments on AGCO&rsquo;s Disappointing Results
and Botched PTx Trimble Integration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Notes that Seth Crawford, Senior Vice President
and General Manager of PTx Trimble, Appears to Have Left AGCO Following ~$354 Million Goodwill Impairment Charges</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Withdraws 14a-8 Shareholder Proposal Due to
TAFE&rsquo;s Belief that Stronger Action Is Needed to Enhance AGCO&rsquo;s Governance and Protect Shareholder Value</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">CHENNAI--(BUSINESS WIRE)--Tractors and Farm Equipment
Limited (together with certain of its affiliates, &ldquo;TAFE&rdquo; or &ldquo;we&rdquo;), the largest shareholder of AGCO Corporation
(NYSE: AGCO) (&ldquo;AGCO&rdquo; or the &ldquo;Company&rdquo;) with a 16.3% long-term, strategic equity stake in the Company, today issued
the following statement regarding AGCO&rsquo;s recently reported fourth quarter and 2024 full year results. TAFE also disclosed that it
has withdrawn its 14a-8 shareholder proposal from the agenda for the 2025 Annual Meeting of Shareholders (the &ldquo;Annual Meeting&rdquo;)
following AGCO&rsquo;s ill-conceived efforts to exclude the proposal, reaffirming TAFE&rsquo;s belief that more substantial action must
be taken to enhance the Company&rsquo;s governance and turn around its struggling operational performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;AGCO&rsquo;s revenue and operating margin
have trailed peers for more than a decade &ndash; even as leadership has poured significant capital into numerous acquisitions. The Company&rsquo;s
recent Analyst Day and financial results have only deepened our concerns regarding AGCO&rsquo;s strategic direction and the Board&rsquo;s
inadequate oversight of all areas of the business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After spending $2 billion to acquire PTx Trimble
technology assets, the Company has not disclosed key metrics related to the joint venture, including its 2024 performance, 2025 outlook
and the impact of layoffs. We are extremely concerned by PTx&rsquo;s approximately $354 million goodwill impairment charges &ndash; an
unexpected write-off of roughly 17% of its price tag that comes less than one year after the deal.<SUP>1</SUP> We also note that PTx
Senior Vice President and General Manager Seth Crawford has recently been removed from AGCO&rsquo;s website, deepening concerns about
a venture that was pitched by management as a significant growth driver for the Company&rsquo;s precision ag business.<SUP>2</SUP> The
apparent departure of the executive tasked with generating value from AGCO&rsquo;s largest acquisition to date &ndash; less than two months
after he presented to investors at the Company&rsquo;s Analyst Day &ndash; is a stunning admission of the serious integration issues at
Trimble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe AGCO is holding onto a niche strategy
that does not address structural readiness for downcycles and has proven ineffective over the long-term. We were particularly disappointed
to see AGCO once again deliver worse-than-expected dealer inventory levels in the fourth quarter, which we believe demonstrates leadership&rsquo;s
inability to effectively forecast and navigate the industry downturn. AGCO cannot keep kicking the can down the road by attempting to
divert shareholders&rsquo; attention from these critical issues by promoting 2029 targets without providing a clear path to achieving
them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">____________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>1</SUP> For the fourth quarter of 2024,
the Company disclosed goodwill impairment charges of $354.1 million related to the North America operating segment and stated that the
majority of the impairment charges related to the PTx Trimble North America reporting unit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>2</SUP> Mr. Crawford appeared on AGCO&rsquo;s
Executive Leadership webpage as recently as December 2024 (https://www.agcocorp.com/us/en/home/about-us/executive-leadership.html). However,
he no longer appears on the page. Additionally, Mr. Crawford&rsquo;s biography on AGCO&rsquo;s website appears to have been removed (https://www.agcocorp.com/us/en/home/about-us/executive-leadership/leadership-seth-crawford.html).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Despite mounting pressure to deliver
improved results for investors, the Board has chosen to repeatedly ignore its largest shareholder&rsquo;s ideas and disenfranchise
TAFE, including by making efforts to exclude our 14a-8 shareholder proposal from the Company&rsquo;s proxy statement for the 2025
Annual Meeting. Disappointed by the Board&rsquo;s attempt to deny shareholders a vote on this governance improvement, TAFE has
withdrawn our 14a-8 shareholder proposal as we believe that stronger action must be taken to strengthen the Board&rsquo;s oversight
of management and ensure a focus on shareholder value creation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TAFE continues to engage with the Company in good
faith and remains open to a constructive solution that would benefit all stakeholders. We reserve all rights to take whatever steps we
believe are necessary to enhance the Company&rsquo;s governance practices and protect shareholder value at the upcoming Annual Meeting.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About TAFE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TAFE - Tractors and Farm Equipment Limited, is
an Indian tractor major incorporated in 1960 at Chennai, India. One of the largest tractor manufacturers in the world and the second largest
in India, TAFE sells over 180,000 tractors annually.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TAFE has earned the trust of customers with its
range of high-quality products, low cost of operation and a strong distribution network of over 1600+ dealers. TAFE exports tractors to
over 80 countries, powering farms in Asia, Africa, Europe, the Americas, and Russia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Besides tractors, TAFE and its subsidiaries have
diverse business interests in areas such as farm-machinery, diesel engines and gensets, agro-industrial engines, engineering plastics,
gears and transmission components, hydraulic pumps and cylinders, vehicle franchises and plantations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TAFE is committed to Total Quality Management
(TQM). In the recent past, various manufacturing plants of TAFE have garnered numerous &lsquo;TPM Excellence&rsquo; awards from the Japan
Institute of Plant Maintenance (JIPM), as well as a number of other regional awards for TPM excellence. TAFE's tractor plants are certified
under international standards ISO 9001 for efficient quality management systems and under ISO 14001 for environment-friendly operations.
In 2013, TAFE was presented the coveted &lsquo;Agriculture Leadership Award' by Agriculture Today Magazine and the &lsquo;Corporate Citizen
of the Year Award&rsquo; by Public Relations Council of India (PRCI). TAFE was also named the &lsquo;Best Employer in India 2013&rsquo;
by Aon Hewitt and has the distinction of receiving commendation for &lsquo;Significant Achievement on the Journey Towards Business Excellence&rsquo;
by the CII-EXIM Bank - Business Excellence Award jury in 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Contacts</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Longacre Square Partners</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Charlotte Kiaie / Bela Kirpalani, (646) 386-0091</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TAFE@longacresquare.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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