Sonalika Tractor exports recorded robust growth of 90%
New Delhi: India’s youngest and No.1 tractor brand across 4 countries, International Tractors Limited (ITL), makers of Sonalika & Solis tractors is fully geared up for the upcoming season. The company has registered an overall sales growth of 23.2% with 7369 tractors in August’18 as compared to 6036 tractors same period last year.
Exports recorded a robust growth of 90% with sales of 2082 units as compared to 1095 units same period last year.
Commenting on the same, Mr. Raman Mittal, Executive Director, Sonalika Group said, “We are delighted with the overall growth of 23.2% which was driven by phenomenal growth of 90% in exports. The growth in exports is resultant of our wide distribution network across different markets. All time high performance of Asia and Europe markets has helped to achieve this extraordinary growth”.
He added, “In the domestic market, with the onset of festive season, we are optimistic that the industry should continue to grow at healthy pace, driven by positive farmer’s sentiments.”
Being Customer Centricity at core, Sonalika ITL has built the World’s No.1 Largest Integrated Tractor Manufacturing Plant in Hoshiarpur, Punjab to provide the best customized solution to farmers in India and to over 100 Countries. The company manufacturer more than 1000+ variants in 20-120HP category suited to the varied needs of farmers globally.