Millat Tractors Limited (MTL), an ISO 9001:2008 certified company, is Pakistan’s leading engineering concern in the automobile sector. Since 1964, it has been engaged in the manufacturing and marketing of the world-renowned Massey Ferguson (MF) tractors under a licensing agreement with AGCO Ltd. (UK), forklift trucks under license from Anhui Forklift Trucks (China), diesel engines, diesel generating sets, and a range of allied agricultural and industrial implements.
Millat Tractors has played a pivotal role in the transfer of technology, transforming the fledgling local light engineering sector into a robust, vibrant, and quality-conscious auto-vending industry. The company is regarded as a pioneer in establishing the country’s automotive vendor base. Today, a local content of more than 90% is achieved in Massey Ferguson tractors. The company offers tractor models in the range of 50 hp to 85 hp, diesel gensets with capacities from 15 kVA to 150 kVA, and a 3-3.5 ton forklift truck.
MTL has an unmatched, elaborate, and extensive field network spread throughout the country. This network comprises 85 main dealers, 70 spare parts dealers, and more than 400 authorized workshops where MTL-trained technicians provide efficient after-sales service to its customers.
With more than a 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. This has been achieved through the establishment of four sister concerns. These companies, part of the Millat Group, include Millat Equipment Limited, which manufactures powertrain parts; Bolan Castings Limited, which manufactures precision castings for the automotive industry; Millat Industrial Products Limited, which manufactures automotive batteries; and TIPEG Intertrade DMCC, which promotes worldwide trade of Millat Group companies and their associated vendors.
Awards and International Recognition:
The company has consistently received the Corporate Excellence Award from the Management Association of Pakistan and the Top Companies Award from the Karachi Stock Exchange since the early eighties. MTL’s Annual Report has been recognized as the Best Annual Report by the Institute of Chartered Secretaries and Administrators of Pakistan for several years. Internationally, Millat Tractors has been acknowledged by Plimsoll (UK), which ranked MTL as the 16th largest company with exceptional performance in the global tractor manufacturing industry. Forbes Global magazine has included MTL in “Asia’s 200 Best Under a Billion Dollar Companies.” In 2016, the company received the Achievement Award in the “Tractor & Agriculture Implements” sector from FPCCI. Furthermore, MTL was named the 2nd Best Company in Pakistan by the Pakistan Stock Exchange.
In 2017, the company received the Corporate Excellence Award from the Management Association of Pakistan and the “Best Export Performance Award in Tractors” from the Lahore Chamber of Commerce. In 2018 and 2019, the Pakistan Stock Exchange awarded Millat Tractors Ltd. the “Top 25 Companies Award.” In 2020, the Management Association of Pakistan presented MTL with the “35th Corporate Excellence Award.”
In 2023, the Lahore Chamber of Commerce & Industry awarded Millat Tractors Ltd. the “Top Exporters of Pakistan Award,” while the Pakistan Stock Exchange recognised MTL for the “Top Companies of 2022 Award.” On October 23, 2023, Millat Tractors Ltd. was honored with the prestigious 39th Corporate Excellence Award at the event organized by the Management Association of Pakistan. The award was presented by Syed Murad Ali Shah, the Chief Minister of Sindh, and the trophy was received by Mr. Raheel Asghar, CEO of MTL.
This achievement reflects our ongoing commitment to innovation and operational excellence, recognising the hard work and dedication of the entire Millat Tractors Ltd. team as we continue to set new industry benchmarks.
The employees of the company remain fully motivated and committed to further improving performance standards. They are confident that Millat Tractors will continue to move forward in its mission to serve its valued customers. As the company celebrates its “80 years of Excellence and Service to the Nation,” it introduces the most innovative and advanced Deluxe Model Series, ushering in a new era of technological advancements and customer comfort. MTL is continuously striving not only to delight its customers but also to fulfill its social and corporate responsibilities.
