03 July, 2018
* Registered growth of 20% in Q1
* Sold 12,286 tractors in June’18 with growth of 32.3%
New Delhi, July 02, 2018: India’s youngest and No.1 tractor brand across 4 countries, International Tractors Limited (ITL), which has built the World’s No. 1 largest integrated tractor manufacturing plant in Hoshiarpur, records highest ever quarter sales of 30,001 tractor with growth of 20% in Q1.
In June’18, the company registered phenomenal overall growth of 32.3% by selling 12,286 units as compared to 9,286 units same period last year.
Commenting on the growth, Mr. Raman Mittal, Executive Director ,Sonalika ITL stated, “Monsoon has covered the entire country well ahead of its normal onset date, indicating positive sentiments. This should drive the demand for tractors in the coming months. We have recorded highest ever overall sales in the first quarter and aim to continue achieving similar milestones”.
He added, “in the exports, under the brand Solis, we have registered robust growth of 63.2% , with sales of 4630 tractors, which signifies the growing global demand. Being customer centric at our core, we are focused in providing customized solutions to farmers globally.”
With the new plant, a well-equipped research and development center, trust of over 8 lakh farmers across 100 countries, consistency in the quality of products and services and with a robust growth year on year, Sonalika is all set to be the No.1 Global Tractor brand.
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.
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