Monarch Tractor, maker of the MK-V, the fully electric, driver-optional, smart tractor, today announced the expansion of its operations to Hyderabad, India. Monarch Tractor will use the new market opportunity to enhance research and development efforts in the United States in addition to global supply chain support.
“This is a long awaited expansion that we have worked diligently to bring to life,” said Praveen Penmetsa, Co-Founder & CEO, Monarch Tractor. “Historically important to Monarch and our growth as a company, this additional base of operations serves as an opportunity for us to explore Monarch’s development at a global scale while staying close to our mission to transform farming and provide value to farmers. We look forward to this new start of our global journey in India as we continue to work towards making sustainable farming more accessible and attainable.”
Monarch’s journey first began in India as one of the prototypes for the first electric tractor was used in trials in India. Now, off the heels of Monarch’s successful release of their MK-V, Monarch is examining a potential for future models while also expanding its global footprint. As operations begin this month, Monarch is also hosting a recruiting drive to help staff its offices.