The story
Originally founded in 1964 in cooperation with Motokov-Praha (Zetor) of Czechoslovakia. The company is based in the state of Gujarat.The company had several ownership changes since its inception.
Tractor & Bulldozer Pvt. Ltd
Since 1912, Bombay based Pashabhai Patel used to import tractors, through M/s Pashabhai Patel & Co. After independence, he was asked to procure 500 tractors by the Prime Minister Sri Jawaharlal Nehru. Licence was issued to the company, which entered into collaboration with Motokov Praha (Zetor) Czechoslovakia, and the name of the company was changed to Tractor & Bulldozer Pvt. Ltd. in 1964. Due to unavoidable problems, the company was handed over to Gujarat Agro in 1967.
Hindustan Tractors Ltd
In 1967 the company name was changed to Hindustan Tractor Ltd. Since demand for 60 hp tractors were much less than the small capacity the tractor was mostly favoured by heavy haulage users.
Gujarat Tractor Corporation Ltd.
The company changed hands again in 1978, when the Gujarat State Government took it in its own hands and renamed it as Gujarat Tractor Corporation Ltd. (GTCL).After the disinvestment in 1999, it was renamed as Mahindra Gujarat Tractor Ltd. (MGTL)
From Wikipedia’s article on Mahindra Gujarat Tractors Limited, shared under CC BY-SA 4.0.4