CNH Industrial revealed the New Holland T4 Electric Power – the industry’s first all-electric light utility tractor prototype with autonomous features – at its Tech Day in Phoenix, Arizona, USA.
Kubota will have 60% ownership of the manufacturing joint venture, which is said to have an initial capacity of 50,000 units and the resources to jointly develop new products.
A year ago, the livestock segment of the industry, with its reliance on utility tractors in the 40-100 horsepower range, was considered a bright spot in an otherwise dismal outlook for ag machinery sales.
AGCO's two new series of utility tractors include the 2700E series and the 4600M series, which round out AGCO's offerings in the 49-57 horsepower and 70-100 horsepower ranges.
Last week, Deere & Co. issued its retail sales comment for May. Compared to the industry, Deere reported its North American sales were down more than the industry in the utility tractor category and down less than the industry in the other major tractor categories, but up a single digit in combine sales.
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