China, Mahindra acquired majority stake in Jiangling. Its sales in Gujarat are under the label Mahindra Gujarat and its sales in Punjab are under the label Swaraj. In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat ??[9] and Mahindra purchased a 64.6% stake in Swaraj in 2004. Mahindra Tractors started manufacturing 15HP tractor under the brand name Yuvraj in Rajkot in 2011. The plant in Rajkot is set up jointly by Deepak Diesel Pvt Ltd and Mahindra & Mahindra. The plant has a maximum capacity of 30000 tractors per year. Mars Group Originally established in 1976, the MARS Group is engaged in manufacturing/marketing of dump trucks, loaders, foggers, and agricultural tractors and attachments. Based in Lucknow, U.P., it began manufacturing two mini-tractor models under the Marshal name in 2005, Captain DI 2600 of 25 HP and Trishul MT DI 625 10 HP. New Holland Agriculture New Holland Ag's entry into India was facilitated by FIAT's acquisition of Ford-New Holland in 1991. By 1998 New Holland Ag. (India) completed the construction of a new plant in Noida, near New Delhi, with a capacity of 5000 tractors in the 35 - 75 hp range. In 1999, New Holland Ag's parent company FIAT bought 70% of holdings of Case Corporation and created Case New Holland Global (CNH one of the top three tractor/agricultural/construction machinery manufacturers in the world), the new holding company for New Holland Ag. (India). In 2000, the capacity of the Noida plant rose to 12,000 tractors per year and in 2007 the company manufactured 24,000 tractors for the domestic and export markets. New Holland India exports fully built tractors to 51 countries in Africa, Australia, South-East Asia, West Asia, North America and Latin America. The India plant of New Holland was originally built in 1998 to cater only to India domestic market. However, due to slow down of economy by year 2001-2002 and slump in domestic demand, it became a challenge to utilize the installed capacity of the factory. Hence the company started looking its market beyond India borders. By 2007 New Holland had increased its exports to 8000 units and was contributing over 50% of the company business. In 2007, this also made New Holland the second largest tractor exporter from India after John Deere. Preet Tractors Entrepreneur Mr. Hari Singh and his brother Mr. Gurcharan Singh laid the foundation of "Preet Agro Industries back