Sonalika continues domestic growth streak with 41.6% rise in FY’21
Sonalika has recorded its highest ever annual sales of 1, 39,526 tractors in FY’21
After consistently achieving records of excellence month after month in FY’21, Sonalika Tractors has recorded its highest-ever annual sales of 1, 39,526 tractors in FY’21 and among the leading market share gainers in the industry. The company has registered a phenomenal domestic growth rate of 41.6 per cent over FY’20 volumes, which is the highest in industry and beaten industry growth (est.26.7 per cent) by a significant margin. Alongside, Sonalika has recorded its highest-ever annual rotavator sales of 50,000 units in FY’21, recording double the volumes registered in FY’20. Overall, Sonalika Tractors has sold 13,093 tractors in March’21, registering a whopping 135 per cent growth over March’20.
Dr Deepak Mittal, Managing Director, Sonalika Group, said, “ Our strong foundation has served as a unique platform for the company to continue recording extraordinary results even in the most challenging year and we have become the first Indian tractor company to cross 22,000 tractors exports in a single year. This success is credited to the committed team along with our distributors, dealers, financiers and loyal customers who stayed connected and performed in the markets under adverse conditions without much travel or physical connect. We are proud of our market leadership in 6 countries and close second in another 5."
Upbeat about the company’s performance, Raman Mittal, Executive Director, Sonalika Group, said, “Achieving a significant landmark of phenomenal domestic growth of 41.6 per cent in FY’21, which is highest in industry and surpassing industry growth (est. 26.7 per cent) by a significant margin amidst the most challenging year is a testimony that we have laid a strong foundation to remain closely knitted with our farmers and the society at large, which has only strengthened with time."
"Our plans were not deterred by the external unforeseen situations as we have always remained consistent with our approach to grow and serve our customers. Our innate ability to re-engineer our approach across all business functions powered us to come out as a clear winner month after month, throughout the year.”