Automobiles

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Agricultural Vehicles

Agriculture Vehicles in India always keep in demanded position. Due to the fact, India is the only country having the highest percentage of agricultural land.
Investors like Bharat Earth Movers Ltd. started building up its position in India. The share of the Company is 70% in the market and is the largest manufacturer of earth moving equipments. Aircraft Towing Tractors, Rope Shovels, Water Sprinklers etc are such equipments. Other manufacture that can be seen is VST Tiller Tractor Ltd. that has been anchored with Mitsubishi and has fabricated two well known equipments:
  • EuroTrac- This astonishing and aristocratic VST 180D Tractors (export model) has slender and edge taking space frame. It has HP of 18.5/2700 rpm.
  • Mitsubishi Shakti - A multi-purpose MT180D four stroke tractors do functions like dry tilling, ploughing, wet pudding, transportation and cultivator.
  • Durga Tractors - A well had known Company which concentrates only on Agriculture Vehicles with its high reliability.



Other Agriculture vehicle manufacturer is Ashok Leyland, and the two models introduced have acceptable testimony:
  1. 4018 Tractor - It is a well framed tractor which have six speed synchromesh gearbox, semi-floating hypoid gear and other advanced features.
  2. Artik 30.14 Tractor - This tractor can be used for car carriers, cement and ODC transportation.



Agriculture Vehicles Insurance- It is mandatory to ensure such vehicles. Insurance covers up the theft, third party accident, fire, natural adversities. Insurance Companies along with the Manufactures and Dealers, plan out the most accessible and less confound way. Factors around which Agriculture Vehicle Insurance evolves around are:
  1. Make of the Vehicle
  2. Year of the Manufacture
  3. Place of the Registration
  4. Current Showroom Price of the Vehicle
  5. Model of Vehicle
  6. Whether the client is Corporate or Individual

Principal Insurance Amount varies person to person, some verified documents are submitted along with the form and terms and conditions of the Banking Organization. Since, the demand of Agriculture Vehicle is intensely demandable, so is the demands of Loans and Financiers. Banking organizations such as ICICI bank, HDFC bank, Standard Chartered bank and Kotak Mahindra Bank working under privates sector and Union Bank of India and State Bank of India in public sectors transpired as a Agriculture Vehicle Financiers. Finances are generally drifted to 85% of the vehicle amount, but it can vary in some cases. 2.5% of a loan amount acts as a service charge and in case of prepayment, 4% of the principal gets balanced with the borrower.