Agriculture

Beating Covid, Sonalika Tractors registers 30.6% sales growth in Q1FY22

Tractor industry led India’s economic recovery from the front after the first ever lockdown in year 2020 and Sonalika Tractors posted a dominant performance throughout the year
Beating Covid, Sonalika Tractors registers 30.6% sales growth in Q1FY22
Beating Covid, Sonalika Tractors registers 30.6% sales growth in Q1FY22

Beating the blues of second wave of Covid-19 pandemic, Sonalika Tractors has quashed all records to clock highest ever Q1 cumulative tractor sales at 33,219 units and registered 30.6 percent growth.

Tractor industry led India’s economic recovery from the front after the first ever lockdown in year 2020 and Sonalika Tractors posted a dominant performance throughout the year while outpacing the industry growth consistently. Carrying forward the momentum of FY’21 to launch maximum revolutionary products, Sonalika Tractors is fully geared up to launch maximum new tractors even in FY’22. Sonalika’s upcoming technologically advanced tractors will create new benchmarks in the industry as they will be equipped with extraordinary features to lead the agri evolution in India as well as abroad.
 
Speaking on the performance, Raman Mittal, Executive Director, Sonalika Group, said, “Sonalika Tractors has registered highest ever Q1 cumulative tractor sales at 33,219 units with 30.6 percent growth even during the testing times of Covid-19. As international markets are also opening up, our exports have grown by 90 percent which is also a healthy sign of economic recovery across the world. We remain committed to launch revolutionary products in the industry to lead our farmers towards farm prosperity.”
 
“The government has already extended MSP (minimum support price) on Kharif crops by up to 5 percent and as per predictions of healthy monsoon, this year also we should see healthy demand for tractors, similar to last year. Our customised tractors will set high benchmarks while increasing farmers’ income significantly and steer us faster towards our vision to aid farm mechanisation.”

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