Monarch Tractor Expands Operations in Singapore, Paving the Way for Sustainable Farming
SINGAPORE, June 21, 2023 - Monarch Tractor, the world's leading manufacturer of the MK-V, a fully electric and driver-optional connected tractor, has announced a significant expansion of its operations in Singapore.
This move signifies the company's commitment to advancing A.I., robotics, and smart farming technology in the Asia Pacific region (APAC).
With its strong presence in Singapore and successful expansion into Hyderabad, India earlier this year, Monarch Tractor aims to build a talented team of data scientists, machine learning engineers, and A.I. practitioners through partnerships with government agencies and academic institutions.
Driving Technological Advancements in Singapore
Praveen Penmetsa, Co-Founder & CEO of Monarch Tractor said:
"After the successful development of our 'Monarch Auto Drive' tractor operation in Singapore, we are thrilled to continue evolving our technology with the support of Singapore's top talent."
"In collaboration with the Singapore government, Monarch Tractor will create more job opportunities and advance our mission for a greener future. Today, farmers, government bodies, and consumers are increasingly seeking viable options to sustain our planet."
A Pair of new Monarch Tractor Hero's. Photo by Monarch.
Advancing Automation in Farming
Building on Singapore's early success in developing the driverless capabilities of the MK-V, Monarch Tractor's expansion and focus on talent development will drive automation across full farm operations, enabling profitable and sustainable agricultural practices in the region and worldwide.
Addressing Environmental Challenges
Given that agriculture contributes to nearly 25 percent of global greenhouse gas emissions, Monarch Tractor's strategic expansion aligns with Singapore's Green Plan 2030 and its commitment to achieving net-zero emissions by 2050.
By actively hiring skilled professionals throughout Singapore, the company aims to support and drive the development of cutting-edge A.I. robotics technology, ushering in a smarter, greener, and safer farming industry.
Revolutionizing Agriculture with Electric and Autonomous Capabilities
Since its launch in 2020, Monarch Tractor has been revolutionizing the global agriculture industry with its innovative electric and autonomous capabilities.
By integrating A.I. into their tractors, the company has garnered significant attention from other sustainability-focused countries in the APAC region, including New Zealand.
In fact, Monarch Tractor made history by delivering the world's first electric tractor to the NZ0 farm in New Zealand.
Monarch Logo.
About Monarch Tractor
Established in 2018, Monarch Tractor is the industry leader in the production of the Founder Series MK-V, the world's first fully electric and driver-optional connected tractor.
Designed to enhance existing farming operations, alleviate labor shortages, and maximize yields, Monarch Tractor is committed to driving clean, efficient, and economically viable solutions for today's farmers and future generations.
With cutting-edge technology, a global presence, and a highly skilled team, Monarch Tractor is at the forefront of shaping the future of farming.
Sources: THX News & Monarch Tractor.
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BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Global Electric Farm Tractor Market size to grow at a CAGR of 23% during the forecast period between 2022 and 2028, reaching a value of USD 532.9 million by 2028. Major growth drivers for global electric farm tractor market are strict government regulations to reduce pollution and high fossil fuel prices. Demand for electric farm tractors is increasing due to reduced power consumption and maintenance costs, combined with the capacity to transport heavier loads. Growing environmental concerns have prompted farmers to employ emission-free and environmentally friendly farming practices. Increasing electric farm tractor sales are projected to drive the global electric farm tractor market during the forecast period. However, the increase in rental market due to latest edge technologies and higher efficiency is anticipated to hamper the market growth during the period in analysis.
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The Evolution of Terminal Tractors: Enhancing Efficiency in Modern Logistics
Terminal tractors, also known as yard trucks or shunt trucks, are essential in streamlining operations within ports, distribution centers, and freight yards. Designed for durability and efficiency, these specialized vehicles enhance cargo handling by enabling swift and precise movement of trailers and containers. The advent of advanced technologies, including automation and electric-powered models, is revolutionizing the terminal tractor market, providing eco-friendly and cost-effective solutions for logistics and supply chain management. As industries continue to prioritize efficiency and sustainability, terminal tractors remain at the forefront, driving innovations that significantly boost operational productivity and environmental stewardship.
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🚨 Sonalika Tractor International Launched Hybrid Tractor in India. Priced at : INR 7.21 Lakh ➡️ Do follow @theautomotivetimes.at . . #theautomotivetimes #news #dailynews #automotivefacts #automotiveupdates #automotivenews #newsupdates #newsupdate #trending #latestnews #latest #trendingnow #sonalika #tractors #tractor #electricvehicle #electricTractor #electricTractors #sonalikaElectrictractor #sonalikatractor #tractornews #farmersprotest #farmers #farmersofindia #hybridtractors #farmer #hybridtractor https://www.instagram.com/p/CNu0OY8gp6a/?igshid=1ojn9y1qkjs0o
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Escorts electric tractor is all set for rollout in the Indian market
Escorts Ltd looks like is all set to launch its electric tractor in the Indian market soon. The company has received certification from the Central Farm Machinery Training and Testing Institute, Budni, for its electric tractor that it complies with the provision of the Central Motor Vehicles Rules (CMVR), 1989. The description given by the company is “Escorts Limited, Farmtrac (26E) Agriculture Tractor manufactured by Escorts Limited”.
Escorts showcased its electric tractor back in 2017, however since then it remained out of limelight. Interestingly in a the firm in a BSE filing said “We had showcased futuristic and eco-friendly electric tractor concept in variants of mechanical and hydrostatic power transmission platform for sustainable and green agriculture."
The firm added "We started export of these tractors in 2019 and now with this certification, we will be launching in the domestic market too. The launch and other details will be shared soon.”
It is worth noting that Escorts Limited is the only company to receive the CMVR certification in India for electric tractors.
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India first ready electric tractor launched by Sonalika at an introductory price of Rs.5.99/- Lakhs, same is named as: Tiger Electric . . . . . #Sonalika #sonalikatractors #Tractor #Tractors #ElectricTractor #TigerElectric #UandiAutomobiles #uandiautomobile (at Gurugram) https://www.instagram.com/p/CJJYJj0rmyV/?igshid=1dzyww9zrdiaj
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Cellestial Redefines the Future with India’s first Electric Tractor
#cellestial #electrictractor #evehicleinfo #ev
https://e-vehicleinfo.com/cellestial-redefines-the-future-with-indias-first-electric-tractor/
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