Posted On - 04 Dec 2018
New Delhi, December 3: Sonalika International Tractors Limited India’s youngest & No.1 tractor brand in 4 countries recorded phenomenal growth of 54% in domestic market with sales of 8029 tractors in November’18 as compared to 5230 tractors same period last year.
Overall company registered growthof41% with 9078 tractors (Domestic +Exports) in November’18, as compared to 6442 tractors same period last year.The company continued to surpass the industry growth and recorded growth of 21.3% with overall sales of 81,441 tractors till YTM (April-Nov’18) as compared to 67117 tractors same period last year.
Speaking on the growth trajectory, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “We are extremely delighted to surpass the industry growth in YTM (April-Nov’18)& alsorecord 54%growth in domestic market in Nov’18. This phenomenal growth is accredited to the purchase triggered on account of major festivals, Diwali &Dhanterasin this month. This growth comes immediately after we recorded highest ever overall tractor sales in October’18.”
He added,“I am very excited on the trust that our farmers have shown in the new product Sikander series. This series which was introduced with the latest technology, is addressing all the requirements of farmers, be it power, speed or fuel efficiency and is gaining a major share within our portfolio. Being a farmer centric brand, we are consistently working to provide complete farming solutions to farmers globally. We take pride in our wide spread network pan India, which has helped us to win new customers across geographies”.