Sonalika sells 50,000 tractors in just 4 months, domestic market share expands
Sonalika has sold a total of 51,268 tractors between April and July 2024, indicating a strong growth in the domestic market. The company has also registered a significant increase in its market share, outperforming the domestic industry
Tractor manufacturer Sonalika has crossed the sales figure of 50 thousand tractors in the beginning of the second quarter of the financial year 2024-25. Between April and July 2024, the company has sold a total of 51,268 tractors, which indicates a strong growth in the domestic market. The company has also registered a significant increase in its market share by performing better in the domestic industry.
The central government's provision of Rs 1.52 lakh crore for the agri ecosystem and allied sector will not just increase industry’s contribution to the economy but also push the demand for advanced farm machinery. The farmer demands in India vary as per regional requirements and Sonalika truly believes that no one tractor fits for all, thus makes the biggest tractor range in 20-120 HP. This customised tractor range boasts of Heavy Duty Mileage (HDM) and CRDS engines, multi speed transmissions and advanced 5G hydraulics that are designed to shape up the future of Indian agriculture.
Sharing his thoughts on the staggering performance, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “We are delighted to have surpassed 50,000 tractor sales mark in just 4 months to clock an overall YTD July’24 sales of 51,268 tractors. Our robust approach has enabled us to continue beating domestic industry performance and be among leading market share gainers. Sonalika's in-house production capabilities at World's No. 1 tractor plant includes making heavy duty engines, transmissions, sheet metal et al, allow us to customise tractors as per market & customer’s need thus able to penetrate newer markets faster. Budget 2024 has brought in revised focus of the central government on the agri ecosystem output and the planned reformative actions should push demand for farm mechanisation moving forward.”
The company has given positive signs for the future, as the tractor industry is preparing for its biggest season in the coming months. Sonalika's latest performance further strengthens the brand's momentum, further strengthening the company's position in domestic and international markets.
