Sonalika Tractors, India’s leading tractor export brand, has made history by being named to the Fortune 500 India 2024 list of the country’s top enterprises. Simultaneously, Sonalika has become the top ten auto brands in India according to the coveted Fortune India list
Sonalika began in 1996 in the non-industrial village of Hoshiarpur, Punjab, and has since grown to be one of India’s 500 largest firms, with an estimated turnover of US$1.1 billion. Since its foundation, the brand has been led by three basic principles: providing best-in-class products and services, looking after its stakeholders, and conducting ethical business without taking shortcuts. Using each hurdle as a stepping stone to fuel the company’s devotion to the farming community, Sonalika has always maintained a debt-free strategy to establishing a strong presence in 150+ nations.
Sonalika’s success is built on a family-like atmosphere that extends to all stakeholders, including staff, dealers, vendors, and, most importantly, farmers. Sonalika remained loyal to its purpose of becoming the torchbearer of technology-powered transformation in the farming business during its one-of-a-kind journey of unwavering passion, innovation, and devotion to delivering heavy duty tractors. Despite the problems of the COVID-19 pandemic, Sonalika demonstrated resilience and empathy by paying salaries, paying vendors in advance, and insuring no layoffs.
Sonalika, an India-based company trusted by over 17 lakh farmers globally, has grown to become India’s leading tractor export brand and the third largest tractor brand in India, the world’s largest tractor market. The brand proudly possesses the world’s leading integrated tractor manufacturing factory, which produces a new tractor every two minutes, cementing its position as a game changer in modern agriculture.
LD Mittal, Chairman, International Tractors Limited – Sonalika, commented on the achievement, saying, “It is a historic occasion for the entire Sonalika family.” We have debuted on the ‘Fortune 500 India 2024’ list, ranking among the nation’s largest firms as well as among the top ten auto brands in India.
Our incredible journey has been transformative: from a non-industrial town in Hoshiarpur, we have emerged as one of the leading worldwide tractor brands, true to our mission and values that drive us every day. We have been debt-free since our inception by adhering to our basic principals of putting people first, providing the greatest products and services, and conducting ethical business without taking shortcuts. This success highlights our principles and mission of transforming farmer lives through innovative farm machinery solutions.
