Sonalika Tractors Posts RobustProfit of INR 233 crores in Q1 FY’19
New Delhi, August 01, 2018: India’s youngest and No.1 tractor brand across 4 countries, International Tractors Limited (ITL), makers of Sonalika & Solis tractors, has registered overall growth of 27.6% in July’18. The company sold 6550 tractors against 5134 tractors during same period last year (Domestic+ Exports).
The company has recorded highest domestic growth of 30.7% for the month of July’18 amongst the key players, registering sale of 5656 tractors as compared to 4327 tractors last year same period.
Speaking on the domestic highest growth in industry, Mr. Raman Mittal, Executive Director, Sonalika Group said, “After achieving ever highest quarter sales in Q1 FY’19, we have reported profit after tax of INR 233 crore. Continuing our growth momentum in July’18, we recorded industry’s highest domestic growth. Our focus to provide customized crop solutions has triggered this growth momentum.”
Being Customer Centricity at core, Sonalika ITL has built the World’s No.1 Largest Integrated Tractor Manufacturing Plant in Hoshiarpur, Punjab to provide the best customized solution to farmers in India and to over 100 Countries. The company manufacturer more than 1000+ variants in 20-120HP category suited to the varied needs of farmers globally.
About Sonalika International Tractors Limited
Being farmer centric at its core, India’s youngest and fastest growing tractor brand, Sonalika International Tractors Limited has built the World’s No.1 largest integrated tractor manufacturing plant in Hoshiarpur. This world class plant is fully equipped to manufacture each component required in making of a tractor- from sheet metal to the whole tractor. Being India’s youngest and fastest growing tractor brand, Sonalika ITL export tractors to over 100 countries and holds leadership position across 4 countries. The company in India stand strong as the 3rd largest tractor manufacturing company growing rapidly by providing best customized solutions.
With the understanding that each farmer growing different crops have different needs Sonalika offers customized solutions in the widest heavy duty product range from 20-120HP. This farmer centric approach acts as an enabler to earn trust of over 8 lakh farmers globally and being chosen by Govt. of India as a contributing partner with NITI Ayog for doubling farmer’s income by year 2022.
With the new futuristic plant, a well-equipped state-of-the-art research and development center, consistency in the quality of products and services and with a robust growth year on year, Sonalika is on a path of becoming the No.1 Global Tractor brand.