Follow us
From Rs 431 Crore Loss to Recovery: Inside TIL’s Comeback
New ownership charts ambitious turnaround for TIL, India's oldest crane manufacturer.
5933 Views
In 1944, as the Second World War disrupted global supply chains and sent equipment prices spiralling, three enterprising Scotsmen; Alan Ramsay, Charles Porter, and Robert Wilson, spotted an opportunity in India's infrastructure hunger. They established Tractors India (later rechristened as TIL) as the authorised dealer for Caterpillar Inc., becoming one of the first companies to bring American earthmoving technology to the subcontinent.
A year later, two Danish refugees, Henning Holck-Larsen and Soren Toubro, followed a similar path, signing an agreement with Caterpillar to market earthmoving equipment, giving rise to what became Larsen & Toubro. Both companies started on remarkably ...
RELATED ARTICLES
Tata Motors' X Alpha Architecture Aims to Reinvent the Small Car
Autocar Professional Bureau
30 May 2026
The next-generation Tiago and Tiago EV blend the low-cost strengths of Tata Motors' older X0 architecture with the moder...
Bosch’s India Recast
Shahkar Abidi
23 May 2026
Why the Tier-1 giant’s dealmaking is really a play for control of the next mobility stack.
How One Tax Cut Fuelled Every Car Maker Except MG Motor
Anurag Chaturvedi
04 May 2026
For the one OEM built around EVs, the competitive equation changed without its own pricing moving by a rupee.
