Mahindra & Mahindra's agri-tech arm launches IoT device for farm equipment
Krish-e, the agri-tech division of Mahindra & Mahindra Ltd, has released the Krish-e Smart Kit, a device that provides owners with data on their tractors and other agricultural machinery. This is done through the use of a smartphone and GPS-enabled time tracking to remotely monitor various parameters.
Carnot Technologies, an agritech business supported by Mahindra, created the Krish-e Smart Kit that allows equipment owners and rental business owners to reduce tractor downtime, prevent unauthorized usage of their tractors, increase earnings, and sustainably manage maintenance expenses. Commercial transportation and trolley activities may be monitored with the Smart Kit's advanced trip replay capability.
Any kind of tractor or farming machine, such as a harvester, rice transplanter, or self-propelled sprayer, can have this kit placed on it. The Krish-e Rental Partner App, which works with the kit, may be found on the Google Play Store. The software does more than just track and monitor, it also provides on-demand access to a fleet of sophisticated farm vehicles.
Ramesh Ramachandran, Senior Vice President and Head of Krish-e – Farm Equipment Sector, M&M Ltd., said, "An industry-first aftermarket IoT solution, the Krish-e Smart Kit presents the smart, affordable, and sustainable way for farmers and businesses to connect and monitor their farm equipment on the go."
Ramachandran said that the firm is seeking partnerships with local organizations and businesses in the state to help digitize all leasing transactions. Krish-e now has over 25,000 paying members, 85% daily active users, an average daily app usage of 55 minutes (in season), and a 70% renewal rate when the trial period ends.
Modern farming has become increasingly mechanized and dependent on technology over the past few decades. Farmers have more reliability and efficiency in their work with animals and crops because of the use of numerous smart agricultural technologies.
As a result, combined with rising demand from consumers, smart agricultural technologies have been rapidly expanding in use throughout the globe. The agricultural sector of the IoT market was worth $13.76 billion in 2022 and is expected to reach USD 29.71 billion by 2030 globally, as per the Data Bridge Market Research report.