Monarch Tractors, a US-based firm specialising in driver-optional electric tractors, met with Telangana Chief Minister Revanth Reddy and other senior officials during their recent visit to the U.S. to attract investments to Telangana. The company, which has operated a research and development centre in Hyderabad since 2023, plans to expand this facility and create additional high-tech jobs in the area. Monarch also announced plans to establish an autonomous tractor testing facility in Hyderabad to support their R&D activities.
The Telangana delegation also encouraged Monarch Tractors to consider establishing manufacturing operations in the state.
“We were delighted to meet Chief Minister Reddy and other officials to discuss our commitment to innovation in Telangana,” said 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,” he said.
In this regard, the Monarch team presented a letter of intent to explore the possibility of establishing a manufacturing facility in Telangana.
Monarch Tractors is transforming agriculture with the world’s first fully autonomous, driver-optional smart electric tractor. Their tractors utilise cutting-edge technologies such as electrification, automation, and AI to tackle labour shortages and enhance productivity and sustainability in farming.
“We are focused on attracting high-tech, environmentally-friendly companies and welcoming Monarch Tractors to our State’, said Chief Minister 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.”
