Indian Company Profile: International Tractors (November 2015)
Off-Highway Research's Company Profiles are objective analyses of major construction equipment manufacturers or component suppliers.
Typical coverage includes:
|Company Structure||Manufacturing Facilities||Component Sourcing|
|Ownership||Marketing and Distribution||Production|
|Financial Analysis||Research and Development||Employees|
This study of International Tractors Limited (ITL) is Off-Highway Research’s first detailed profile of the company.
The company is somewhat younger than the other domestic tractor manufacturers, but has grown significantly in domestic and overseas markets in the last few years. Currently it is the third largest agricultural tractor manufacturer and one of the major exporters in the country.
ITL is a part of Sonalika Group, which is headquartered in Hoshiarpur in the north Indian state of Punjab. The promoters of ITL, and their families have controlling stakes in a number of other companies, and these, together with ITL have been referred to as the Sonalika Group in this report, which primarily concentrates on ITL and its agricultural tractor business, and does not cover other companies or activities of the group.
ITL’s financial year starts on 1st April and ends on 31st March of the following year. All references to the financial data of specific years therefore refer to the financial year that starts in it. For example, 2013 corresponds to the period 1st April 2013 to 31st March 2014. However, unless specified, all sales and production data given in this report are for calendar years.