New Delhi, 4th July 2024: Sonalika Tractors, India’s leading tractor export brand, has set a new benchmark with its stellar performance in Q1 FY ’25. The company recorded its highest-ever Q1 overall sales of 41,465 tractors, securing an unprecedented overall market share of 14.4% (estimated). This accomplishment reflects a twofold growth compared to the industry’s performance.
In June 2024 alone, Sonalika achieved its best domestic market performance, selling 14,062 tractors. This impressive feat includes a 16.6% growth in sales and a market share gain of 1.4 percentage points, the highest among all tractor brands in India. Comparatively, the company had sold 12,056 tractors in June 2023.
Raman Mittal, Joint Managing Director of International Tractors Limited, expressed his delight over this milestone: “We are elated to achieve our best-ever Q1 performance in FY ’25 with the highest overall sales of 41,465 tractors and a record market share of 14.4%. This success is driven by our remarkable June ’24 domestic market performance, with 14,062 tractor sales marking a 16.6% growth and a market share gain of 1.4 percentage points, both the highest among all tractor brands.”
The early arrival of the monsoon in India has significantly boosted the agricultural sector, with Kharif acreage increasing by over 30% in FY ’25. La Nina conditions are expected to intensify in the latter half of the monsoon, addressing the current precipitation shortfall. Sonalika Tractors is at the forefront of supporting India’s agricultural development, committed to enhancing farm output with its high-quality, robust tractors.
Sonalika’s commitment to delivering ‘Quality in India’ and its continuous innovation in agri-tech solutions have empowered countless farmers, facilitating higher farm output with superior power and efficiency. As the “Pride of India,” Sonalika remains dedicated to playing a leading role in the progress of Indian farmers and the agricultural sector.
