Secures major engineering services contract from Montra Electric for development of E-Transaxle for electric-powered agricultural tractors
14 October 2025
Pune - 14th October 2025: Carraro India Limited has announced today that the Company has achieved a significant strategic milestone by securing a pivotal engineering services contract for the detailed feasibility, industrialising of E-Transaxles for electric-powered agricultural tractors. The agreement, executed today, is with TI Clean Mobility Private Ltd – Montra Electric. The contract is valued at Rs. 17.50 Crore and this development positions Carraro as a key technology supplier for the Indian tractor industry.
Commenting on the same Dr. Balaji Gopalan, Managing Director, Carraro India Limited, said:
"We are thrilled to announce that Carraro has successfully secured an engineering services contract to industrialize the E-Transaxle. This significant milestone marks a pivotal moment for our company as a technology product supplier for the Indian tractor industry. We are confident that this innovative technology will greatly enhance the capabilities of tractors, providing superior efficiency and sustainability. This development underscores our dedication to innovation and excellence in the agricultural tractor segment and reflects our commitment to delivering cutting-edge solutions to our customers. Post the industrialisation, we look forward to the successful implementation of the E-Transaxle in our product range."
