International Tractors Is Planning To Do Invest Of Rs 1,000 crore In New Plant And Research Operations

On October 14,for international markets the company showcased its new range of five tractors, shown at global partners summit 200 event.In this participation from ITL’S over 200 channel partners in new delhi

Five new products including an all new electric tractor have been revealed by the homegrown tractor maker for international market and planning to put a 100,000 unit export plant in Hoshiarpur,Punjab. Sonalika and Solis Branded Tractor found in both International and Indian markets such as Myanmar, Czech Republic, and Germany which is offered by Homegrown tractor maker, has revealed its idea of funding in a dedicated manufacturing provision for exports. On October 14,for international markets the company showcased its new range of five tractors, shown at global partners summit 200 event.In this participation from ITL’S over 200 channel partners in new delhi.The new distributor of product range includes ITL’S C series,N Series, H series,and electric SV series of tractors, which ranging from 16 hp to 125 hp in power output and feed different farming needs. The latest products have all up to date design and technologies.

In 2010, the company entered foreign markets like Asia, africa, north america, europe and brought off sevenfold growth. In FY11 their exports unit grew to 5,070 and in FY23 it was 35,160 units.Since FY 19 from India it remains the top tractor exporter from last fourth consecutive year. The company is getting apart from its main competitors which includes Mahindra and Mahindra, New Holland, John Deere.The company declared a funding of Rs 850 cr. due to the highly increasing demand of its products in global markets. This demand will be fulfilled by the end of 2025, as the new facility will have the minimum capacity of 100,000 tractors. This will have over 3000 strong channel hubs globally for exporting made in india tractors.The facility will have modern assembly lines which will carry out one by one tractor in every two minutes at state of the art facility.Slowly the company will run out its past 100,000 unit assembly line gradually once the upcoming plant commissions.