Sonalika surpasses 1 lakh domestic tractor sales
Date: 04 Mar 2021
International
Tractors Ltd, makers of the Sonalia brand of tractors has intensified its
performance in FY’21 to record its highest ever cumulative domestic tractor
sales of 1,06,432 tractors in just 11 months and register growth of 35.5% as
compared to same period last year.
It also denotes the fastest ever 1 lakh
tractor sales among all tractor brands in domestic market since inception.
Sonalika has overall sold 11,821 tractors in Feb’21, as compared to 9,650
tractors sold in Feb’20
While
focussing on building a state specific strategy, Sonalika is fully geared up at
its World’s no.1 vertically integrated tractor manufacturing plant to introduce
revolutionary products going forward in year 2021. Its innovative products will
be customised to exponentially increase farmer’s income level and further
propel the company towards its vision of ‘Leading Agri Evolution’ across the
globe.
Raman
Mittal, Executive Director, Sonalika Group, said, “I feel overwhelmed in
sharing that we have crossed our highest ever cumulative domestic sales of
1,06,432 tractors in just 11 months (April’20-Feb’21),registering growth of
35.5% as compared to same period last year. Notably, it is also the fastest
ever 1 lakh domestic tractor sales by any tractor brand in the Indian market
since its inception and clearly reflects on the growing trust of farmers in
Sonalika. The sublime performance that Sonalika has posted month after month
throughout in FY’21 is an outcome of our strategic decision to periodically
launch customised tractors that are equipped with advanced yet affordable
technologies.”
Sonalika’s
heavy duty product portfolio in 20-120 HP range is being rolled out from its
Hoshiarpur facility in the North Indian state of Punjab, which is powered by
robotics and automation to manufacture high quality products.