Posted On - 11 Feb 2022
The No 1 export brand from India has defied all odds across 130 countries even during challenging times and further consolidated its leadership position. Sonalika has cumulatively clocked YTD Jan’22 exports growth of 60.1%.
New Delhi, February 11, 2022: Creating new technology benchmarks in tractor industry & reaching to tough competitive markets, Sonalika Tractors has rewritten record books year after year. The No1 tractor exports brand from India has gained the trust as a leading tractor brand in various countries such as Algeria, Bangladesh & Myanmar, Nepal etc. In Europe, Sonalika has reached into the league of top 3 tractor brand in Germany, France, Portugal, Finland, Iceland and Hungary in the addressable segment.
Cumulatively, Sonalika has exported 28,722 tractors in Apr’21-Jan’22 period against 17,938 tractors exported last year during the same period and registered staggering 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, Mr. Raman Mittal,Executive Director, Sonalika 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.”
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