Donation Of Tractors From Sonalika In India Is Challenge For John Deere & Caterpillar

Hoshiarur, India-based Sonalika Group (www.sonalika.com):

"Incorporated in 1969 to accomplish newer heights of success, Sonalika Group has come a long way. Over the years, it has diversified into many new businesses in order to meet the better needs of the market and customers. Today the group is among the top three tractor manufacturers of India and provides a complete product line including tractors, multi-utility vehicles, engines, farm machinery attachments, diesel gensets, auto components and pick & carry cranes." Sonalika tractors are marketed in more than 100 countries

Sonalika has donated sixty (60) tractors and one-hundred-and-ten (110) implements to the Republic of Cuba through the Ministry of Foreign Relations of the Republic of Cuba.

Moline, Illinois-based Deere & Company (2017 revenues approximately US$27 billion) continues to explore opportunities to establish a distribution center in the Republic of Cuba; the company has announced that it will provide internal financing for exports to the Republic of Cuba- the first United States company to make such an announcement.

San Juan, Puerto Rico-based Rimco, the Republic of Cuba distributor for Peoria, Illinois-based Caterpillar Inc. (2017 revenues approximately US$38 billion) has a distribution center within the Republic of Cuba government-operated Special Development Zone of Mariel (ZEDM).

https://www.cubatrade.org/blog/2018/2/27/competition-from-donations-and-long-term-government-financing-are-hurdles-to-john-deere-and-caterpillar?rq=caterpillar

https://www.cubatrade.org/blog/2017/11/3/john-deere-could-provide-us30-million-in-financing-for-us-exports-to-cuba?rq=caterpillar

https://www.cubatrade.org/blog/2017/11/2/caterpillars-distributor-to-establish-distribution-center-in-cuba?rq=caterpillar

https://www.cubatrade.org/blog/2018/9/27/cuba-will-require-long-term-financing-for-agricultural-equipment-purchases-from-belarus?rq=tractors

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