New Delhi, August 9, 2024 – Sonalika Tractors, India’s leading export brand and a trusted name among farmers, has achieved a remarkable milestone by surpassing the 50,000-unit sales mark within just four months of FY 2025. The company recorded an impressive year-to-date (YTD) sales figure of 51,268 tractors by the end of July 2024, outpacing the overall domestic industry performance and cementing its status as a market leader.
This outstanding achievement comes as Sonalika Tractors prepares for an anticipated surge in demand during the upcoming festive season. The company’s consistent growth trajectory has not only led to significant market share gains but has also set a strong momentum as the agricultural machinery sector braces for its busiest period.
Sonalika’s success is supported by the central government’s allocation of Rs 1.52 lakh crore for the agriculture ecosystem and allied sectors, a move expected to boost the demand for advanced farm machinery. Recognizing the diverse needs of farmers across regions, Sonalika offers a wide range of tractors, from 20 HP to 120 HP, designed to meet specific agricultural requirements. These tractors feature Heavy Duty Mileage (HDM) and CRDS engines, multi-speed transmissions, and cutting-edge 5G hydraulics, all tailored to drive the future of Indian farming.
Raman Mittal, Joint Managing Director of International Tractors Limited, expressed his enthusiasm about the company’s stellar performance, stating, “We are thrilled to have surpassed the 50,000-unit sales mark in just four months, reaching a total of 51,268 tractors by July 2024. Our robust strategy has enabled us to outperform the domestic industry and gain significant market share. Sonalika’s in-house production capabilities at the world’s leading tractor plant allow us to customize tractors to meet market and customer needs, enabling rapid penetration into new markets. The 2024 Budget’s renewed focus on the agricultural ecosystem and planned reforms are expected to further drive demand for farm mechanization.”
As Sonalika Tractors continues to lead the market, the company is poised for further growth, driven by innovation and a deep commitment to supporting the evolving needs of Indian farmers.
