03 September, 2018
Sonalika Tractors exports registers robust growth of 90%
New Delhi, 3rd September 2018: India’s youngest and No.1 tractor brand across 4 countries, International Tractors Limited (ITL), makers of Sonalika & Solis tractors is fully geared up for the upcoming season.
The company has registered an overall sales growth of 23.2% with 7369 tractors in August’18 as compared to 6036 tractors same period last year.
Exportsrecorded a robust growth of 90% with sales of 2082 units as compared to 1095 units same period last year.
Commenting on the same, Mr. Raman Mittal, Executive Director, Sonalika Group said, “We are delighted with the overall growth of 23.2% which was driven by phenomenalgrowth of 90% in exports. The growth in exports is resultant of our wide distribution network across different markets. All time high performance ofAsia and Europe markets hashelped to achieve this extraordinary growth”.
He added, “In the domestic market, with the onset of festive season, we are optimistic that the industry should continue to grow at healthy pace, driven by positive farmer’s sentiments.”
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:
Sonalika International Tractors Limited, India’s youngest and fastest growing tractor brand with No.1 position across 4 countries 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. Sonalika ITL export tractors to over 100 countries & 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 Aayog 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.
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