 In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.Tractors and Farm Equipment Limited (TAFE) is the second largest tractor manufacturer in India.The company established in 1961 to manufacture and market Massey Ferguson tractors and related farm equipment in India.