Mahindra & Mahindra, the country's largest farm equipment maker, is all set to cross the Line of Control.
M&M has signed a memorandum of understanding with the Saigal family of Pakistan for exporting tractors to that country.
This comes two days after Tata Motors signed a technical assistance agreement with Karachi-based Afzal Motors to export completely knocked down vehicles to Pakistan.
Sources close to the development said the Saigal family, which was into the automobile business, would assemble tractors in Pakistan after importing CKD kits from M&M, once the alliance materialised.
When contacted, an M&M spokesperson confirmed that the company had signed a memorandum of understanding with the Saigal group. The company will also conduct a feasibility study, she added.
Sources said M&M would take some time to finalise other details, such as the timeframe for commencing the exports, the number of tractors to be exported initially and product specifications.
They added that M&M's proposed entry into Pakistan would depend on the policy of the local government.
An arrangement with a local player is a must for exporting tractors from India to Pakistan since Pakistani laws do not permit direct export of the product.
M&M exports tractors to the United States, European countries and Australia.
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