Posted by Priya Singh On 12-Jul-2022 09:56 AM
After attaining a phenomenal year-to-date (YTD) growth of 60.1% between April 2021 and January 2022, Sonalika Tractors also became the largest tractor export brand in India.
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Sonalika sold a total of 39,274 tractors across the world which is the highest in June 2022.
India’s best tractor brand, Sonalika Tractors created a new product and performance benchmark in June 2022. The recorded sale registered in the first quarter of FY23 was 39,274 tractors which is an overall 18% growth above 33,219 in the last year 2021. According to the company, the government's rise in the MSP enabled a strong rural cash flow, which supported demand for tractors overall in Q1 FY23 despite an exceptional heat wave affecting crop production across the country.
Sonalika is the top manufacturing company of tractors in India. Its deep understanding of the market allows it to introduce heavy-duty tractors according to the farmer’s demand. In order to better assist farmers with everyday farming problems as the monsoon spreads over the country, Sonalika Tractors will expect even more robust sales in the upcoming quarter and will expand its reach.
On achieving the new Q1 performance milestone, Mr. Raman Mittal, Joint Managing Director, International Tractors Limited said that “we automatically get empowers when farmers' expectation is fulfilled, which make us set a new benchmark in terms of product and performance criteria. The total sale of 39,274 tractors is a testimonial which indicates that we understood the market requirements and farmers’ functionality very well and farmers have a firm trust in us.” Because of this, the sale of Sonalika is consistently increasing day by day.
Sonalika tractor has already set its new targets to fulfil the market demand and future growth in the farming sector. After attaining a phenomenal year-to-date (YTD) growth of 60.1% between April 2021 and January 2022, Sonalika Tractors also became the largest tractor export brand in India in February of this year. The company exported 28,722 units between April 2021 and January 2022 as opposed to 17,938 units during the same period the previous year. Sonalika Tractors saw a gain of 50.8% in January 2022, shipping 3,022 units as compared to 2,004 units in the same month the year before.
Sonalika after starting his company, always helped to increase the yield of farmers, to increase their income, because farmers are the backbone of the country and food provider of India that’s why Sonalika shows main concern for their future growth. To avail of this, it provides the best quality tractors in the market.
To provide the tractors with the latest technology and features, Sonalika has already set his goal for the next year 2023.
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