Millat Tractors Limited (MTL), an ISO 9001:2008 certified company, is Pakistan’s leading engineering concern in the automobile sector engaged in the manufacturing and marketing of world renowned Massey Ferguson (MF) tractors under licensing agreement with AGCO Corporation USA; Forklift Trucks under license from Anhui Forklift Trucks, China; Diesel Engines; Diesel Generating Sets and a range of allied agricultural and industrial implements.
MTL is regarded as pioneers for setting up country’s automotive vendor base. MTL has achieved a localization content of more than 90% in MF tractors resulting in considerable foreign exchange savings. The company has taken lead in the local automobile sector by developing & launching Pakistan’s 1st emission compliant diesel engines and export tractor models enabling not only to address the environmental issues but also further expand its export market along with AGCO, its principals.
With more than 60 % share of the local tractor market, MTL has integrated and consolidated its technical know-how, expertise and sizable investment in allied industries to ensure adequate supplies of quality components by way of establishing 4 sister concerns. These companies, part of the Millat Group include Millat Equipment Limited, engaged in the manufacturing of power train parts, Bolan Castings Limited that manufactures precision castings for the automotive industry, Millat Industrial Products Limited manufactures automotive batteries & TIPEG Intertrade DMCC promotes worldwide trade of Millat Group of Companies and the vendors associated with it.
In 2017, MTL has signed an agreement with Swedish based company IFS (a globally recognized ERP solution provider), and both are committed to work together in Pakistan for IFS sales, implementation and after sales support. MTL is continuously striving not only to delight its customers but also fulfill its social and corporate responsibilities. The Company has earned itself a reputation par excellence.
Rs. 38.5 billion (2017-18)