India’s youngest tractor brand, International tractors (ITL), makers of Sonalika Tractors recorded domestic sales of 6,039 units in the month of January, against 4,172 units same period last year, registering a 45% growth with all regions contributing significantly, while strengthening footprints in southern markets.
The export volume for the month stood at 735 units.
The company performed well in the first month of the year. The Union Budget announcements reinforce the agriculture segment and will benefit in FY 18-19.
Commenting on the same, Raman Mittal, executive director, Sonalika ITL, stated, “The Union Budget 2018-19's strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector's growth.”
“We also appreciate the Budget’s focus on increasing farmer’s income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.”
Sonalika has always focused in offering customized farming solutions leading to enhanced productivity. We are amongst the few selected brands partnering Niti Aayog’s - Champion’s of Change to contribute in the strategy for doubling farmer’s income.