Yanmar Expands Holdings in International Tractors Ltd (Sonalika Tractors)

Yanmar Holdings Co., Ltd. (“Yanmar”) and Development Bank of Japan Inc. (“DBJ”) have acquired an additional interest in leading India tractor manufacturer International Tractors Limited.

Yanmar first invested in ITL in 2005, and has provided ITL with technical guidance in the past. Seeking now to significantly increase sales in India, the world’s largest tractor market, Yanmar has boosted its holdings in the company, acquiring additional ITL stock as a joint investment using the “specified investment business” scheme provided by DBJ.

Going forward, Yanmar will continue to actively provide agricultural solutions in agrarian countries the world over, towards further enriching people’s lives and lifestyles.

<About YANMAR>

With beginnings in Osaka, Japan in 1912, YANMAR was the first ever to succeed in making a compact diesel engine of a practical size in 1933. Moving on, with industrial diesel engines as the cornerstone of the enterprise, YANAMR has continued to expand its product range, services, and expertise to deliver total solutions as an industrial equipment manufacturer. As a provider of small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, machine tools, and components — YANAMR’s global business operations span seven domains.
On land, at sea, and in the city, YANMAR’s Mission of “providing sustainable solutions focused on the challenges customers face, in food production and harnessing power, thereby enriching people’s lives for all our tomorrows,” stands testament to YANMAR’s determination to providing us with “A SUSTAINABLE FUTURE.” For more information, visit YANMAR CO., LTD. at its global website at https://www.yanmar.com/global/about/.

Press Release

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Author: MyMotorWheels

I am a mechanical engineer and an automobile enthusiast.

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