Tractors are an important aspect of farming mechanization and help boost the nation's agricultural output. With yearly sales of 600,000-700,000 units, the tractor market is one of the biggest in the country's category of farm equipment. The Indian Agricultural Tractor Market is anticipated to grow at a CAGR of 8.9 percent between 2022 and 2027. Long-term expansion in tractor volume is likely a result of government programs for rural development, a growing tendency of agriculture mechanization, and several other factors, including high rural wages and a shortage of farm employees.
P K Industries, a pioneer in the production of Tractor and Auto components, was established by technocrat Late P K Aggarwal is currently headed by Anurag Aggarwal who holds a Bachelor's degree in Engineering and an MBA. The company was founded at the same time as Punjab Tractors, the former name of the Mahindra & Mahindra (Swaraj Division), was establishing itself in Mohali. “P K Industries was one of the first four or five manufacturers to enter this market, and over the years, we have done reasonably well.
From a volume of 400 per month to 15,000 per month now, we have grown alongside the tractor industry”, speaks Anurag Aggarwal. P K Industries has a very strong workforce and advanced infrastructure, including the most modern technologies like robotic welding, CNC
machining, CNC tube bending, surface coating, and plating capabilities which enables it to finish everything in-house and provide the finest for its clients. The firm believes that in the future, only tractor manufacturers that can provide the highest quality at the lowest price will be able to thrive because end users are becoming more discerning and demanding in both quality and price. “The farmer is our end user, and over the years, we have observed a change in the overall product mix where the farmer is expecting much higher levels of quality, aesthetics, and performance, as well as a lot of personalized features in the tractor. From that perspective, the original equipment manufacturers (OEMs) that we supply to have also undergone a significant quantum shift towards a quality product,” speaks Anurag.
The front axle beam, front axle bracket, and hydraulic pipes, which are all significant components of tractors, are the company's three core products. The firm is renowned for providing prime quality products at reasonable rates, and for the past three to four years, it has regularly expanded modestly at a pace of 20 to 25 percent, with a current turnover of more than 60 crores. Its main customers are Mahindra Swaraj, International Tractors, SML Isuzu, VST Tillers & Tractors, and Preet Tractors.
P K Industries has always been committed to utilizing the most contemporary technology, whether it be robotic welding or CNC machining, and has a very robust design team. The firm has always been inspired by technological advancements and is extremely quick to embrace, adapt, and employ whatever the most recent technology is. “Due to our excellence in terms of quality and delivery, our OEMs often place us in the green category and have given us awards like 'best supplier awards'," speaks Anurag. The firm’s quality department performs multiple checks and in-process inspections at every stage of development to make sure that the proper level of quality is upheld.
We are committed to producing highquality goods in accordance with consumer needs & with a genuine concern for the environment
“The Chandigarh, Mohali, and Punjab regions have received the majority of PK Industries' attention. However, a few new clients are also coming to us from different states, so we now plan to broaden our geographic reach. We are also taking into account the export market because there is significant room for tractor component growth in this industry,” signs off Anurag.