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Akash1886 4th October 2017 10:56 PM

Sonalika Tractors Crosses 50,000 Tractors in First Half of Current Financial Year
 
Sonalika Tractors, crosses 50, 000 tractors in first half of Current Financial year.

The fastest growing tractor company achieves its highest milestone with consistent growth

Registered Growth of 118% in Exports & 51.4 % in Domestic market during Sept ’17

Quote:

New Delhi, October 3, 2017: Backed with consistent growth trajectory India’s youngest and the third largest tractor brand, International Tractors Limited (ITL), makers of Sonalika tractors, is soaring high with 57.6% growth in September. The company set a record by selling 50,002 tractors, its highest ever in first half of financial year.

The total tractor sales (domestic + exports) during September ’17 were at 13830 tractors with growth of 57.6% .Exports for the month grew 118% by achieving volume of 1774 tractors. In domestic market, Sonalika achieved 12056 volumes with growth of 51.4%.

Cumulatively Sonalika ITL sold 50,002 tractors till Sept’17 in the current financial year compared to 40258 tractors in last financial year; registering a growth of 24.2%.

Commenting on the growth, Mr. Raman Mittal, Executive Director Sonalika ITL said: “We are working consistently to launch new tractors every year, we have focused across hp segments and our tractors have become preferred choice of progressive Farmers across various geographies in India as well as globe as they are best suited for multicrop patterns as well as non agri usages.

We are very focused that our tractors should increase the farmers income and as result we are also seeing consistent growth by growing 18% in Fiscal year 16-17, 18.5% in Q1, 31% Aug’17 & 51.4 % in Sep’17 of FY 2017-18 in domestic market

We are proud and honored with the support & confidence farmers have shown in us. We are well positioned to serve our customers and provide them with products that offer innovation and drive future growth
."

About Sonalika International Tractors Ltd.

Sonalika International Tractors Ltd. are manufacturer of heavy duty tractor range, which produces technologically superior tractors in a range from 20HP to 120HP. Sonalika has established World’s No.1 integrated tractor manufacturing facility, strategically located in Hoshiarpur, Punjab ,having capacity of 3 lacs tractors.

Sonalika ITL is 3rd largest tractor maker in India and is recognized in both domestic as well as international market as a formidable player. The company has earned the trust of over 7 lakhs customers in more than 80 countries in just 2 decades, which is a remarkable growth.

The Company has strategic business partnership with Yanmar, Japan.
Regards

Akash


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