In 1998, the smaller 1000-series tractors were replaced by the 2000-series models. The design was rounder than before. As with their predecessors, four-wheel-steered parallel models were also available. The rear wheels could follow the same track as the front wheels in a turn, or they could be turned in the same direction as the front wheels to enable lateral movement.

The engines were the 1000-series Perkins, with torque increase percentages of 28–32%. A new feature in the transmission was a 3-speed quick shift, with five programmable operating modes for the Autoshift function. The top speed was 50 km/h, and a 40 km/h version was made by disabling the highest gear. The shuttle shift was now standard but still required clutch pedal confirmation. The cab with flat glass was simpler than the larger Fastracs, and the noise level was 78 dB.

According to the power ratings announced in Finland, the original models were the 2115 (117 hp), 2125 (126 hp), and 2135 (137 hp). Slightly later, the 2150 (150 hp) was introduced, which was not available with four-wheel steering. Internationally, higher power figures were given (128/138/148/158 hp). The situation was complicated by additional power: for the later 2150, instead of the nominal power of 158 hp at 2200 rpm, a peak power of 164 hp at 2050 rpm was promised. Starting from 2001, ABS brakes were available as an option.

In spring 2004, the Fastrac 2140 was introduced, which became the only model in the 2000 series. The engine had been replaced by an electronically controlled 5.9-liter Cummins. The wheelbase was slightly longer than before, and the hydraulics were more powerful. A four-wheel-steered model was still available.

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