Sonalika exports surge 60 per cent in April-Jan 2022 period

Leading tractor brand Sonalika manufactured by International Tractors Ltd (ITL) based in Hoshiarpur in Pinjab has exported 28,722 tractors in April -Jan’22 period against 17,938 tractors exported during the same period last year. The company registered a 60.1% YTD growth in FY’22.

 In January’22, Sonalika has exported 3,022 tractors and registered 50.8% growth against last year export of 2,004 tractor exported in Jan’21. As per TMA Jan’22, Sonalika holds 26.9% export market share which stands nearly double over its nearest no. 2 positioned competition brand. Sonalika’s widest tractor range offers plethora of options for farmers to choose tractors as per their requirements, thereby winning their trust. 

Sharing his thoughts on the unmatched performance, Raman Mittal, Executive Director, ITL, stated, “Be it India or international markets, we thank every farmer for their trust in our technologically advanced farm mechanization solutions. Consistency in the performance has become the DNA of our team as we have clocked 60.1% YTD growth in exports to reach 28,722 tractor sales in 10 months of FY’22 (Apr’21-Jan’22).

“We stand proudly among top 2 brands in many potential markets despite of the bleak times and in a year of many variables. We feel delighted to share that we have been consistently extending our lead as the No. 1 tractor export brand from India with a dominant market share of 26.9% (YTD Jan’22) in the competitive global markets. Sonalika remains committed to ‘Make-in-India’ vision, manufacturing the whole range of agricultural machinery that are setting new standards and be an inspiration to the global community.”