Sonalika International Tractors Ltd on said it has posted 26.9 per cent growth in overall sales in February.
The company sold 5549 units, combining both domestic and exports sales against a figure of 4372 units, sold in February 2016.
While ITL sold 4489 units in the domestic market in February 2017, as compared to 3954 units, in the same month last year. Exports more than doubled to1060 units last month compared to 418 units in February 2016.
Raman Mittal, Executive Director - Sonalika ITL shared, “We are truly delighted with a growth figure of 26.9 per cent. The company has registered highest market share of 13 per cent...Our brand initiatives, market strategies and after sale services have helped us to maintain our growth trajectory.”
Sonalika ITL is marketing its products in over 80 countries, including 25 European countries with product range from 20HP to 120HP, which are manufactured in India.
Sonalika ITL has established, one of the world’s largest integrated tractor manufacturing plant equipped with world-class technologies at Hoshiarpur, Punjab.
The new plant will provide a complete agricultural solution to cater to the needs of the global and domestic markets, matching international standards in quality.