The company had sold 3,730 tractors in the same month last year, ITL said in a statement.
The focus of this week‘s story is on a homespun entrepreneur LD Mittal. Today International Tractors is the third largest tractor manufacturer in the country and because of Mittal‘s strategy of building a powerful tractor that is comparatively priced and simple to handle by farmers has made Sonalika Tractor a strong brand name.
Akhil Gupta of Blackstone explains to CNBC-TV18 the various aspects of the deal inked to purchase a stake of 12.5 percent in International Tractors Ltd for around Rs 520 crore.