This success is attributed to the company’s extensive product lineup, which ranges from tractors with 20 to 120 horsepower and incorporates advanced features.
Sonalika Tractors announced that the company has reached a huge milestone through sales of 51,268 units from April to July 2024. This impressive feat underscores Sonalika’s dominant position in India’s competitive tractor market, illustrating its ability to capture substantial market share.
This success is attributed to the company’s extensive product lineup, which ranges from tractors with 20 to 120 horsepower and incorporates advanced features such as Heavy-Duty Mileage (HDM) and Common Rail Direct Injection (CRDS) engines. As the Indian tractor industry approaches its peak season, Sonalika’s growth is notably significant.
Raman Mittal, Joint Managing Director of International Tractors Ltd, said, “The company’s performance and in-house production capabilities, expressing optimism about the impact of the 2024 budget on farm mechanisation. With increased industry activity expected Sonalika’s early FY25 results could signal broader trends in the agricultural machinery sector.”
The Indian government’s recent allocation of Rs 1.52 lakh crore to the agricultural sector is anticipated to drive demand for modern farming machinery, further fuelling industry expansion.
