Skip to main content

Sonalika records highest ever sales of 30,001 units in a quarter

The manufacturer of Sonalika tractors, International Tractors Limited (ITL) has recorded highest ever quarter sales of 30,001 tractor with growth of 20 percent in Q1 of FY19

Related Category: Sub Category:

The manufacturer of Sonalika tractors, International Tractors Limited (ITL) has recorded highest ever quarter sales of 30,001 tractor with growth of 20 percent in Q1 of FY19.

In June’18, the company registered phenomenal overall growth of 32.3 percent by selling 12,286 units as compared to 9,286 units same period last year.

Highlighting about the growth, Raman Mittal, Executive Director, Sonalika ITL said, “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”. “In the exports, under the brand Solis, we have registered robust growth of 63.2 percent , with sales of 4,630 tractors, which signifies the growing global demand. Being customer centric at our core, we are focused in providing customised solutions to farmers globally,” he added.

With the new plant at Hoshiarpur,, 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 eyeing to be the No.1 Global Tractor brand.

Sonalika International Tractors has built the an integrated tractor manufacturing plant in Hoshiarpur. The 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 exports tractors to over 100 countries and holds leadership position across four countries. The company in India stand strong as the 3rd largest tractor manufacturing company growing rapidly by providing best customised solutions.

1 Votes with an average with 5

Related Story

How do economists foresee India’s rural economy?

Today, India is one of the fastest growing economies in the world. The growth in its gross domestic products (GDP) has been 7 to 8 percent over the decade. However, rural India where 68 percent of…

Monsanto India appoints Cherukuri Ravishankar as Managing Director

Monsanto India has appointed Cherukuri Ravishankar as the Managing Director for its business across India, Bangladesh and Sri Lanka. He assumed responsibility from Shilpa Divekar Nirula from…

Thanks to higher MSP, gold demand to surge 25%: Report

With two-third of India’s gold purchases coming from the rural areas, the annualised demand for the yellow metal is expected to “surge” by 25 percent in the second half of the current financial…