Monarch Tractors discuss Investment and Manufacturing Plans with Telangana Government
10 Aug 2024 5:35 PM GMT
Chief Minister Revanth Reddy with Monarch Tractors CEO Praveen Penmetsa. (Image: Twitter)
Palo Alto, California: Monarch Tractors, a U.S.-based driver-optional electric tractor company, met with the Honorable Chief Minister of Telangana Sri. Revanth Reddy, and other senior government officials during their trip to the U.S. aimed at bringing investments into Telangana.
Monarch Tractors has had a research and development center in Hyderabad since 2023. The company discussed plans to expand that R&D center, creating more high-tech jobs in the region. Monarch team announced to set up an autonomous tractor testing facility in Hyderabad to complement the R&D work they do here.
The Telangana delegation also pitched to Monarch Tractors, to bring manufacturing operations to the state.
“We were delighted to meet Chief Minister Reddy and other officials to discuss our commitment to innovation in Telangana,” said Mr. Praveen Penmetsa, CEO of Monarch Tractors. “Our R&D center in Hyderabad has been instrumental to building our advanced driver-optional smart electric tractors. We see opportunity to expand our operations in Telangana, bringing more manufacturing and employment to the region.”
In this regard, Monarch team handed over a letter of intent to explore setting up a manufacturing facility in Telangana.
Monarch Tractors is revolutionizing farming with the world’s first fully autonomous, driver-optional smart electric tractor. Their tractors leverage advanced technologies like electrification, automation, and AI to help address labor shortages while increasing productivity and sustainability in agriculture.
“We are focused on attracting high-tech, environmentally-friendly companies and welcoming Monarch Tractors to our State’, said Chief Minister Sri Revanth Reddy.
“We are positioning Telangana as a leader in autonomous and electric vehicle technology. Monarch Tractors is aligned with that vision, and we hope to see them grow their presence in our state.”
The Telangana delegation also pitched to Monarch Tractors, to bring manufacturing operations to the state.
“We were delighted to meet Chief Minister Reddy and other officials to discuss our commitment to innovation in Telangana,” said Mr. Praveen Penmetsa, CEO of Monarch Tractors. “Our R&D center in Hyderabad has been instrumental to building our advanced driver-optional smart electric tractors. We see opportunity to expand our operations in Telangana, bringing more manufacturing and employment to the region.”
In this regard, Monarch team handed over a letter of intent to explore setting up a manufacturing facility in Telangana.
Monarch Tractors is revolutionizing farming with the world’s first fully autonomous, driver-optional smart electric tractor. Their tractors leverage advanced technologies like electrification, automation, and AI to help address labor shortages while increasing productivity and sustainability in agriculture.
“We are focused on attracting high-tech, environmentally-friendly companies and welcoming Monarch Tractors to our State’, said Chief Minister Sri Revanth Reddy.
“We are positioning Telangana as a leader in autonomous and electric vehicle technology. Monarch Tractors is aligned with that vision, and we hope to see them grow their presence in our state.”
( Source : Deccan Chronicle )
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