Sonalika Tractor ITL sales increase by 17.6% globally in Q1 FY’18

Sonalika Tractor ITL sales increase by 17.6% globally in Q1 FY’18

Tractor manufacturer Sonalika International Tractors Ltd has posted global sales (domestic + exports) of 25,002 units, a 17.6 % growth over the same quarter last year, according to a company statement.

Due to this Sonalika ITL has recorded its highest-ever domestic quarterly sales of 22165 units, against 18725 units for the same period last year, a growth of 18.4%, claims the company.

During June, the company’s domestic sales touched 8,379 units registering a growth of 10.3 per cent over last year, while exports stood at 907 units. This breakthrough in sales have led to increase in the overall market share to 13 percent.

Raman Mittal, Executive Director, Sonalika ITL, said, "Our domestic sale volumes were strengthened by a healthy monsoon this year, increasing awareness of mechanisation in increasing yield, and recent waiver on farm loans."

Sonalika continues its stronghold as India’s third largest tractor maker, ranking ahead of industry players like Escorts (by 7,441 units), John Deere (by 8,510 units) and Case New Holland by 17,073 units, at the end of FY18 Q1.

The tractor maker has a capacity to produce 3 lakh units per annum and has 7 lakh customers over two decades.

Top Tractor News

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor at Rs. 7.21 Lakhs

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor at Rs. 7.21 Lakhs

ITL Commences Delivery of Solis Hybrid 5015 - 1st Hybrid tractor with Fully Advanced Japanese Hybrid Technology at Rs. 7.21 Lakhs

Shaktiman records Highest Sales growth in FY21 by selling 1.30+ Lakh Machines with 74% YoY Growth

Shaktiman records Highest Sales growth in FY21 by selling 1.30+ Lakh Machines with 74% YoY Growth

Shaktiman records Highest Domestic Sales growth in FY21 by selling 1.30+ Lakh Machines and became largest exporter of Farming implements from India

ट्रैक्टर इंडस्ट्री की वार्षिक रिपोर्ट : 26.86 फीसदी वृद्धि के साथ करीब 9 लाख ट्रैक्टर बेचे

ट्रैक्टर इंडस्ट्री की वार्षिक रिपोर्ट : 26.86 फीसदी वृद्धि के साथ करीब 9 लाख ट्रैक्टर बेचे

ट्रैक्टर इंडस्ट्री की वार्षिक रिपोर्ट : 26.86 फीसदी वृद्धि के साथ करीब 9 लाख ट्रैक्टर बेचे (Tractor Industry Annual Report: Nearly 9 Lakh Tractors Sold, With 26.86 Percent Growth),

Tractor Sales Statistics India FY 2021 - Sales Escalated by 26.86%

Tractor Sales Statistics India FY 2021 - Sales Escalated by 26.86%

In FY'21, domestic tractor sales recorded a boom of 26.86%. A growth displayed in comparison to the previous year as Apr’20-Mar’21 tractors sold 899429 units against 709002 units.

close Icon

Find Your Right Tractor and Implements

New Tractors

Used Tractors

Implements

Certified Dealer Buy Used Tractor