•  
  •  
  •  

Tractor

INTRODUCTION

A third of the world”s tractors are made in India, and more and more of them are being used right here at home. Magma initiated the tractor finance business in 2007 when we created a joint-venture with International Tractors Limited to form Magma ITL Finance Limited. Since then, we have worked with trade partners like Mahindra & Mahindra, Sonalika, John Deere and New Holland to set up dealer channels to move products from manufacturers to clients throughout India.

BENEFITS
With rural income increasing in recent years, tractors are now within reach for many of India’s farmers for the first time. Our core clients come from this growing market. With our wide and integrated network of dealers and branch offices, we can help organize mass deliveries of vehicles for as many as 100 farmers. Our comprehensive credit assessments help us identify creditworthy, faithful customers for our dealers. And when dealers start identifying clients for us, they”re rewarded with special interest rebates.

We go beyond providing technology, infrastructure and efficiency to our partners; traditional gestures of friendship and respect, like our innovative programs for gifting buffalo and mango saplings, or for organizing puja for clients upon receipt of their tractors, have helped us build strong relationships of mutual trust with clients and dealers across the country.