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HomePosts Tagged "Raman Mittal"
Agribusiness, Company News, Farm Mechanisation, Finance, India, Machinery - Pre-harvesting, Machinery – Post-harvesting

Company has surpassed its all-previous monthly records with an outstanding 20,056 tractor sales in the month October 24.

India’s leading tractor export brand Sonalika Tractors announced that company has reached a new pinnacle of its highest ever monthly overall sales record of 20,056 tractors in Oct ’24. The biggest monthly performance in the history of Sonalika Tractors is line with its mission to make it simpler for farmers to own a customised tractor and embrace sustainable farm prosperity.

Sonalika Tractors continues to be trusted brand that is driving transformational growth among farmers as well as uplifting the agriculture domain with the most powerful heavy-duty tractors. During the biggest festive season, the company’s annual ‘Heavy Duty Dhamaka’ offer assured advanced tech powered tractors at reasonable prices for farmers and be an important support mechanism for farmers to surge ahead in life. With its widest dealership network in the country, the company ensured to seed correct product placement customised as per regional farmer requirements and deliver on its commitment to quality with every tractor to offer exceptional performance.

Sharing his thoughts on this unprecedented achievement, Raman Mittal, Joint Managing Director of International Tractors Limited, expressed, ‘We are thrilled to have surpassed all previous monthly records with an outstanding 20,056 tractor sales, marking a proud moment shared with our farming community. Our greatest motivation lies in ensuring that every farmer has access to the right tractor–one that is reliable, customized, and uniquely suited to their needs–supporting their journey toward sustainable prosperity. As we celebrate this milestone performance of the year, this accomplishment renews our commitment to advancing the next generation of intelligent, heavy-duty tractors tailored to empower farmers at every step.’

Company has surpassed its all-previous monthly records

Agribusiness, Company News, Farm Mechanisation, Finance, India

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.

This success is attributed to the company’s

Agribusiness, Farm Mechanisation, Finance, India, Machinery - Pre-harvesting

The company sold 14,062 tractors in the domestic market in June’24 which translates to sales growth of 16.6 per cent.

Sonalika Tractors, leading tractor export brand announced that the company has achieved a new historic milestone in Q1 FY ’25. The business achieved its best-ever Q1 total sales of 41,465 tractors, the highest-ever overall market share of 14.4 per cent (estimated) as well as recorded 2X growth over industry performance. The company sold 14,062 tractors in the domestic market in June’24 which translates to sales growth of 16.6 per cent and a market share gain of 1.4 percentile points, which is highest among all tractor brands.

Commenting on the brand’s record performance, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “We are elated to achieve our best ever Q1 performance in FY ’25 with the highest ever overall sales of 41,465 tractors and highest ever Q1 overall market share of 14.4 per cent (est.) as well as recorded 2X growth over industry performance. This is powered by a staggering June ’24 domestic market performance of 14,062 tractor sales, marking a record sales growth of 16.6 per cent and market share gain of 1.4% percentile points, both being the highest among all the tractor brands.”

Mittal also added that early arrival of the monsoon in India has brought in positive sentiments in the Indian agri sector as Kharif acreage has picked up by over 30 per cent in FY’25. La Nina conditions are likely to pick up pace in the second half of the monsoons and should cover up the on-going deficiency in the monsoon precipitation. Our teams collaborate effectively to brainstorm, design and develop new farm-tech machinery that makes farming more sustainable and are more than keen to play a leading role in the overall progress of our farmers.

The company sold 14,062 tractors in the

Agribusiness, Company News, Farm Mechanisation, Finance, India

This marked a substantial growth of 23 per cent compared to the same period in the previous year, where 10,464 tractors were sold.

India’s leading tractor manufacturer, Sonalika Tractors has announced that company has achieved a market share of 16.3 per cent in November’23, recording the highest overall growth of 23 per cent, surpassing industry growth estimates of 2 per cent.

This impressive accomplishment underscores the company’s commitment to delivering excellence in farming operations. The month of November2023, Sonalika Tractors reported robust overall sales, with the sale 12,891 tractors. This marked a substantial growth of 23 per cent compared to the same period in the previous year, where 10,464 tractors were sold. The company’s ability to surpass industry growth estimates of 2 per cent showcases its resilience and competitiveness in the market.

Sonalika Tractors has surpassed the 1 lakh tractor sales mark for the seventh consecutive year, spanning from FY’18 to FY’24. This consistent performance highlights the brand’s enduring popularity among farmers and its ability to meet their evolving needs.

Raman Mittal, Joint Managing Director, International Tractors Limited, said, “This achievement reflects our commitment to providing rightly priced, technologically advanced tractors with convenient access through our extensive dealer network.”

This marked a substantial growth of 23

Company News, Finance, India, Machinery - Pre-harvesting

The company stands as the sole brand with domestic sales growth among industry leaders, reaching 18,002 tractor sales in October 2023.

Leading farm -machinery manufacturer, Sonalika Tractors has clocked its highest-ever YTD (Apr-Oct’23) overall market share of 15 per cent. It includes 18,002 overall tractor sales recorded during October 2023.

Sonalika, to make the festive season offer more to farmers to Harness advance farm technologies, has extended never-seen-before seasonal offers under ‘Heavy Duty Dhamaka’ and attractive finance schemes on its heavy-duty tractor range to attract the farming community to opt for upgradation to newer products offered by the company.

Raman Mittal, Joint Managing Director, International Tractors Limited, stated, “We are exhilarated to have achieved our highest ever YTD (Apr-Oct’23) overall market share of 15 per cent with market share gainers both in domestic and overall. We are proud to be the only brand that has registered growth in domestic sales among the leading players. Looking at the festive demand, we had already started preparing over the last few months and aligned strategies across our product and sales teams as well as dealer partners. We have ensured the availability of farmers’ preferred models across states for timely tractor deliveries.”

The company stands as the sole brand

Company News, Finance, India, Machinery - Pre-harvesting

With the dominant performance, the company has also attained staggering 15.8 per cent market share in September 2023.

India’s leading farm mechanisation manufacturer, Sonalika Tractors has registered a record 78,793 tractor sales in H1 FY24 which is powered by its highest domestic sales growth in the industry. With the dominant performance, the company has also attained staggering 15.8 per cent market share in September 2023.

Sonalika has already carved a niche for itself in the tractor industry by taking revolutionary steps such as manufacturing the widest & heavy-duty tractor range as well as showcasing tractor prices on the official website. Taking its heavy-duty commitment to a new level altogether, Sonalika has recently introduced ‘5-year warranty’ on its tractor range for increased trust as well as assisting every heavy-duty farmer even in the toughest of farming operations.

Commenting on this achievement, Raman Mittal, Joint Managing Director at International Tractors, said, “Alongside this sturdy performance, we have recently introduced ‘5 year warranty’ to bring more cheers to the farmers which will enable us to reinforce our bond with them and penetrate new markets”.

As the festive season has already started in India, Sonalika Tractors has already stepped up its commitment for farmers and is decked up across domains – increased production, farmer friendly schemes, financing options.

With the dominant performance, the company has

Company News, Finance, India, Machinery - Pre-harvesting

The tractor sales have reached 1,28,190 YTD

India’s export brand, Sonalika Tractors has recorded 26 per cent domestic growth to clock 9,741 overall tractor sales in January’23. Largely powered by its recent unprecedented step of revealing tractor prices on the official website and a transformational customer-centric approach, this staggering achievement by Sonalika marks the opening of the year 2023  The tractor sales have reached 1,28,190 YTD.

Sonalika has continued to win farmer’s trust with its unique approach over the years and provide easy access to superior technologies to farmers across the globe. The company has further capitalised on favourable market conditions such as record wheat acreage and construction activities which are in full swing in India. Deepening its commitments further to support agri-ecosystem month after month, Sonalika is fully geared up to meet the ever-changing needs of the farmers along with reliable affordability and ensure exponential income growth.

Raman Mittal, Joint Managing Director, International Tractors Limited said, “Along with launching innovative products, we also keep taking unique initiatives such as revealing tractor prices on our website that indeed has created a kind of revolution among the farming community as we have been witnessing huge influx on our website as well as dealerships. This approach has addressed a big issue for farmers and by ensuring such transparency in the tractor-buying process on our already robust product portfolio, we have been further reinforcing farmer’s trust in our brand. This has enabled us to clock a sturdy 26 per cent domestic growth to beat industry growth and clock 9,741 overall tractor sales in Jan’23. Our YTD growth trajectory has reached 1,28,190 tractor sales which is inspiring for us to remain committed towards farmers and develop a world-class product portfolio for their prosperous future.”

The tractor sales have reached 1,28,190 YTDIndia’s

Company News, India, Machinery – Post-harvesting

India’s tractor export brand, Sonalika Tractors has recorded the highest ever monthly sales of 18,619 tractors and captured an estimated 15 per cent market share with 26.2 per cent growth in September 2022. The company has also recorded the highest ever monthly production of 15,563 tractors including a record daily production of 702 tractors rolled out during the month.  

During the hiring spree announced by the company for ITI students in July 2022, Sonalika has so far recruited over 2000 students as channel partner workforce across India.

Sharing his thoughts on these developments, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “Festive season brings in exciting times which are full of positivity. We are delighted to receive an overwhelming response for our customised tractor range and also stepped up our production. We are excited to have clocked highest ever monthly sales of 18,619 tractors with 15 per cent market share (est.) and have grown by 26.2 per cent thereby beating industry growth (est 18.9%). Moreover, we also ramped up to record highest ever production of 15,563 tractors to meet festive demand.”

“Alongside, our unique initiative of hiring ITI students has also seen an aggressive response at pan-India level as already 2,000+ students have been on-boarded across Sonalika channel partner workforce. Thank you all stakeholders for your trust in brand Sonalika, as we feel proud to be a strong 14 lakh farmer family now,” Mittal further added.

India's tractor export brand, Sonalika Tractors has