New Tractor: 120 HP tractor 'Solis 120' launch by Sonalika
Sonalika International Tractors unveiled a 120 HP tractor. This tractor model named as 'Solis 120'. To consolidate Sonalika's position in domestic and overseas markets, it is the first Indian firm to do so. Sonalika has already established strong footprint across South and Latin American markets.
The Sonalika ITL Company has been indigenously developed and manufactured the ‘Solis 120' tractor with the aim to strengthen and increase its presence in domestic and overseas market, it claimed. This tractor has a lifting capacity of 4,500kg.
Sonalika ITL managing director Deepak Mittal said "Through this 120 HP tractor, the company is focusing on commercial farmers, by providing an ease in doing arduous work."
The company aims to further strengthen is exports with the launch of this new tractor. The company currently exports to more than 24 European countries and making it a leading Indian brand in Europe and markets like Algeria, Nepal, Bangladesh and Myanmar. The company also witnessed a growth of 24 percent in export with overseas shipments surpassing 4,000 units in the last four months. Since the company began shipping tractors to overseas markets in 2012, it has so far exported more than 65,000 tractors.
Mittal said, "Going forward, in next five years as part of our growth strategy, we are aiming to gain a respectable market share in China and USA, the second largest and third largest tractor markets respectively."