Posted On - 05 May 2017
India’s third largest tractor manufacturer, Sonalika International Tractors reported a growth of about 22% in April 2017 as the company sold 7381 units (including exports) sales over the last year. The company now has a 12.3% market share in the Indian tractor industry.
In the domestic sector, the company sold 6519 units in April 2017, 20.9% more than what it sold in April 2016. Total exports stood at 862 units. The company exports to over 80 countries from India.
Commenting on this incredible growth, Raman Mittal, Executive Director, Sonalika ITL, said, “We are delighted with our remarkable performance in the very first month of FY18 i.e. April’17. With the industry showing positive trend this year, we are also expecting double digit growth in upcoming months.”
Sonalika ITL has a 3 lakhs capacity production plant in Hoshiarpur, Punjab.