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HomePosts Tagged "sonalika tractors"
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, Trade

With 14 per cent domestic growth, company has beaten industry growth (est. 6.4 per cent) and powered past 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23).

India’s leading tractor export brand, Sonalika Tractors has been consistently assuring a progressive future for all farmers with its heavy-duty tractors and marching ahead in the financial year 2023-24. The company has recorded an overall sale of 10,683 tractors in July’23 which includes 14 per cent domestic growth and has beaten industry growth (est. 6.4 per cent). The staggering performance has validated that Sonalika’s innovation powered approach is on the right track towards cultivating a sustainable farmer growth in the diversified Indian agri market. With this, Sonalika has also surpassed 50,000 cumulative tractor sales mark in 4 months of FY’24 (Apr-July’23).

Small and marginal farmers constitute around 86 per cent in India, who generally possess small land holdings and limited resource availability as well as awareness for farm mechanisation. Due to this, the overall mechanisation in agriculture stands at 47 per cent, much lower than countries like United States (95 per cent), Brazil (75 per cent) and China (59.5 per cent). Sonalika Tractors has been supporting the entire farmer fraternity to adopt farm mechanisation as it rolls out the widest, heavy duty tractors range in 20-120 HP. The technologically advanced tractors are designed to steer farmers through all farm complexities comfortably. The company has already been showcasing its entire tractor price range on the official website for transparency in the tractor buying process. The initiative has not just eased up farmer’s lives, but also increased their trust in the brand.

Sharing his views on the new achievement, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “We are delighted to have farmer’s admiration for our heavy-duty tractor range that has enabled us to record 10,683 overall tractor sales in July’23. With 14 per cent domestic growth, we have beaten industry growth (est. 6.4 per cent) and powered past 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23). Receiving such love for our brand inspires us to ‘be better than our best’ every time and rapidly customise advanced farm technologies as per regional needs of Indian farmers.”

With 14 per cent domestic growth, company

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

Company News, Machinery – Post-harvesting

The company has registered its highest ever Q1 overall sales of 39,274 tractors, which is 18 per cent growth above 33,219 overall tractor sales recorded in the corresponding period in FY’22

India’s No1 tractor export brand, Sonalika Tractors has been creating new product as well as performance benchmarks ever since the FY’23 inception and has proudly rewritten its record books yet again. The company has registered its highest ever Q1 overall sales of 39,274 tractors, which is 18 per cent growth above 33,219 overall tractor sales recorded in the corresponding period in FY’22. With a dominating Q1 performance, the company has further accelerated its journey in the on-going financial year and cemented its position for upcoming seasons ahead.

Despite unprecedented heat wave affecting crop production across the country, the MSP uptick from government side has facilitated healthy rural cash flow, thereby driving tractor overall demand in Q1 FY’23. As monsoon continues expand base across the country, Sonalika Tractors will remain at the forefront to support farmers win their everyday farming challenges.

Commenting on achieving the new Q1 performance milestone, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “Delivering on farmer’s expectations month after month empowers us to set new benchmarks both in terms of product as well as performance. Achieving our highest ever Q1 overall sales of 39,274 units with 18% growth is a testament that we understand farmers and their regional market requirements well, which subsequently boils down to reinforced farmer trust in brand Sonalika. Strategically supported by our unique approach of customising our tractor portfolio, I am optimistic that we have set our FY’23 course in right direction for upcoming seasons later during the year. Sonalika Tractors will continue to address regional farmer requirements to ensure high productivity and income for their buoyant future.”

The company has registered its highest ever

Company News

Sonalika Tractors has registered a dominating best ever May sales with 12,615 units which was powered by stupendous 42.1% growth

Revolutionising the tractor industry with its heavy duty tractor portfolio, Sonalika Tractors has further reinforced its FY’23 platform for an electrifying year ahead. Sonalika has continued to register yet another dynamic performance in new financial year and clocked its highest ever May overall tractor sales of 12,615 units. The extraordinary performance includes stupendous 42.1 per cent growth over the 8,878 tractor sales recorded in May 2021 as the demand for advanced tractors continues to see uptick across the industry.

Speaking on the staggering performance, Raman Mittal, Joint Managing Director, ITL, said, “It feels invigorating as all our concerted efforts have resulted in another electrifying performance by Sonalika in May 2022. With a record 42.1 per cent growth, we have registered our highest ever May sales of 12,615 tractors. Sonalika truly believes in addressing specific farmer requirements and deliver dynamic tractor performance as well as affordability for farmers’ peace of mind. Favourable factors such as consistent increase in MSP by government, improved rabi crop procurement and now the timely arrival of monsoon in the country will set up viable platform for agriculture activities to flourish in FY’23.”

Sonalika Tractors has registered a dominating best