International Tractors signs pact with L&T Finance for vehicle loans

Sonalika Group farm equipment maker International Tractors Ltd has joined hands with L&T Finance (LTF) for tractor loan financing.

The partnership aims at providing easy credit and financing benefits to Sonalika's customers across the country, the company said in a statement.

"With this tie-up we hope to reach out to those customers who are in need of tractors and are looking for funds to buy them. This tie-up will provide easy and hassle free finance options for them," International Tractors Ltd Vice Chairman A S Mittal said.

The company said on the back of high demand of its heavy duty tractors, it planned to sell more than one lakh tractors in FY15.

L&T Finance, which offers a wide spectrum of financial products and services for trade, industry and agriculture, is looking to further expand its base in rural retail financing.

"This strategic partnership will bring synergy for both the companies while benefiting their existing markets," the statement added.


  • India can increase its GDP by letting women take as much part as men in the economy

    Women hold up half the sky. So said Mao Zedong. Now, McKinsey Global Institute (MGI) tells us that they can hold up more than half the sky.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Rank disorder in higher education

Two Indian institutes count among the wo­rld’s top 200 in ...

Zehra Naqvi

Little known gems

Fame, as they say, is a fickle mistress. And all ...

Bubbles Sabharwal

Harmony is a work in progress

Things, events, feelings, people... nothing has value attached to it, ...


William D. Green

Chairman & CEO, Accenture