International Tractors is banking on growth by providing ergonomically advanced products that best suit the needs of the farmers. Story by: Anirudh Raheja International Tractors Limited (ITL), which manufactures and markets Sonalika brand of tractors, reported a robust 19.6 per cent increase in sales at 81531 units in FY2016-17, the highest sale of tractors to be ever recorded in the[Read More…]
Sonalika International Tractors Ltd (ITL) is planning to file draft documents for an initial share sale with the regulator, claim industry sources. Private equity firm Blackstone is expected to partially sell its investment in ITL. A sum of Rs. 2000 crore is expected to be had from this. The IPO, sources claim, is a pure offer for sale and no[Read More…]
Sonalika International Tractors Ltd., aiming to grow its exports by over 20 per cent in the current fiscal, is exploring 10 new export destinations including USA, Japan and Korea with its products like the 120 bhp tractor. The first set of tractors, according to Gaurav Saxena,Tractors President-International Operations, have already been shipped to USA. They would be made commercially available[Read More…]
Sonalika International Tractors Ltd. (SITL) unveiled the Solis 120 tractor. Claimed to be a first of its kind 120 hp tractor, it will be exported to the European and African markets. It will especially cater to commercial farming. Aimed at application in sugarcane fields in particular, the tractor boasts of an ergonomic design. It is powered by a six-cylinder, turbocharged[Read More…]
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