International Tractor to foray into car-making

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International Tractors Ltd (ITL), makers of Sonalika tractors, is foraying into all segments of car making and would announce its tie-ups with global giants in this sector within the next six months, its Chairman, Mr L.D. Mittal, said hereon Tuesday.

"The Sonalika Group is already in talks with global companies. We are not, however, going to make a Rs 1 lakh car or compete with the Tatas in this segment. We will be watching how they fare with their product and then enter all the segments of car-making," he told reporters.

Already, the company's prototype based on hydrogen cell has been tested by scientists at Benares Hindu University (BHU) some 18 months ago and preparations are on for its commercial production, Mr Mittal, who is also the Chairman of the upcoming International Cars and Motors Ltd, said.

"We have a number of investors lined up. But we will root only for those who provide us the latest technology as well."

Last month, the President, Mr A.P.J. Abdul Kalam, appointed Mr Mittal as a Honorary Consul-General of Macedonia (Eastern Europe) in India.

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