One of the leading tractor brand in India, Sonalika International Tractors Ltd, entered the new financial year 2017-18 with a sharp growth of more than 22 per cent in April over last year. The company has recorded a remarkable 7,381-unit sales over the last year, in both domestic and international markets in April. The company has registered 33 per cent growth in exports of 862 tractors and 20.9 per cent growth in domestic by selling 6,519 units of tractors.
Commenting on the growth, Raman Mittal, Executive Director, Sonalika ITL, said, “We are delighted with our remarkable performance in the very first month of FY18. With the industry showing positive trend this year, we are also expecting double-digit growth in upcoming months.”
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 the world’s number one integrated tractor manufacturing plant with a 3 lakh capacity 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.