It is reported that ITL (International Tractors Limited), one of the top three tractor manufacturers in India, would be investing about 100 Cr. towards augmenting its production facility in Hoshiarpur, Punjab.
The capacity augmentation is expected to enable the Hoshiarpur plant to double its production to up to 100,000 units per annum. Presently the company has a production facility in Hoshiarpur, Punjab and a plant in Bihar.
Earlier the company was planning its investment in South. The company had been scouting for land in Karnataka, Chennai, Andhra.
Sonalika group is among the top three tractor manufacturers of India and provides a complete product line including tractors, multi-utility vehicles, engines, farm machinery attachments, diesel gensets, auto components and pick & carry cranes.