iran tractor manufacturing success story

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History of Iran’s Tractor Manufacturing: From Founding to Industrial Revolution

Iran’s Industrial Tractor Group was founded in 1968 with Massey Ferguson partnership, aiming to meet local farming needs. But the 1979 Revolution and 1980s sanctions marked a turning point. Instead of folding, ITMCO pivoted to localization—from 100% import dependency to 95% domestic by 2025. As HBR’s “Long-Term Strategies for Growth” (2023) notes, 10-year planners see 30% steadier growth. ITMCO nailed…