Yanmar was founded in Japan in 1912 with a mission to build engines for farmers and fishermen. The first Yanmar tractor was launched in 1967. Since then, Yanmar has grown to be a major agriculture equipment player with over 19,000 employees across the world. Yanmar is best known for its Compact Tractors and for its refined engines which are used by major OEMs. Yanmar bought a stake in Sonalika (ITL) tractors as early as 2005. In 2016, Yanmar strengthened this partnership by increasing the stake in ITL to 30%. This partnership started with technical collaboration and has now progressed to joint development and manufacturing at Hoshiarpur in Punjab. Solis Yanmar tractors were launched in July 2019 in the higher HP segment. Yanmar is expected to bring Hybrid tractors to the Indian market soon.