Industry News

Sonalika Tractors Achieves New Milestone, Domestic Sales Grows by 20.7 per cent

Nikita Arya
Nikita Arya

Sonalika Tractors, one of the world's leading integrated tractor manufacturing plant, witnesses an uprising growth in its sales. The company's domestic sales grow 20.7% to 7,320 units in the month of December, 2019. The company has also observed a 132.5 percent growth in exports by shipping 2,358 units, and secures a market share of 32 percent, during the month under review. The homegrown brand Sonalika tractors freighted 6,066 units in the same month last year.

Raman Mittal, Executive Director of Sonalika Group sharing the tales of their spectacular growth journey said, " The overall market share of 14.7 per cent along with volume growth of 20.7% is an indication of the improving consumer sentiments and our strong foundation of market activations, strengthening channel presence and new product launches, Together with our channel partners and employees, we shall continue to achieve new milestones of market share in the times ahead."

"With the onset of the new year, we anticipate a positive consumer demand and industry to rebound on the back of rising alternate usage of tractors, ease of finance availability coupled with government's rural thrust," Mittal further added.

The company has a global presence in 120 countries and some of its most demanded categories  across the world are Sikander series, MM series, and DI/RX series.

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