08 March 2017, Mumbai: Sonalika International Tractors Ltd, India’s third largest tractor brand, makes remarkable progress by registering a whopping 26.9% growth, with a market share of 13% this February. The company sold 5549 units, combining both domestic and exports sales against a figure of 4372 units, sold in February 2016. The export division of the company has achieved an outstanding growth of 153% by achieving a figure of 1060 units sold compared to 418 units in February 2016.
· Sonalika ITL achieved one of its highest ever 13% market share in February’17
· Company has registered the growth of 26.9% in Feb’17 by selling 5549 units
· Sonalika ITL exports alone registered growth of 153% by shipping 1060 tractors in Feb’17 over the same period last year
· Exports division has witnessed the growth of 27% in last 11 months, by exporting 11183 units
The company’s commitment to build a strong relationship with its customers, has helped to maintain a healthy growth trajectory. ITL has sold 4489 units in the domestic market in February 2017, as compared to 3954 units, in the same month last year. They have registered a growth of 13.5%. To provide the customer with ergonomically advanced products, has helped the company to grow to 27%, in their international business from April 2016 to February 2017.
Mr. Raman Mittal, Executive Director – Sonalika ITL shared, “We are truly delighted with a growth figure of 26.9%. Company have registered highest market share of 13%, and this all because of our continued commitment to providing the best our products to the farmers, that is most suited to their needs. Our brand initiatives, market strategies and after sale services have helped us to maintain our growth trajectory. Our month on month growth is a testimony to our continued efforts in providing the best available experience to our customers through products and services with a complete high-end technical solutions.”
Placing India on the world map Sonalika ITL is marketing its products in over 80 countries, including 25 European countries with product range from 20HP to 120HP, which are manufactured in India. Sonalika ITL has established, one of the world’s largest integrated tractor manufacturing plant equipped with world-class technologies at Hoshiarpur, Punjab. The new plant will provide a complete agricultural solution to cater to the needs of the global and domestic markets, matching international standards in quality.
About Sonalika International Tractors Ltd:
Sonalika International tractors Ltd. Manufacturer of heavy duty tractor range, which produces technologically superior tractors in a range from 20HP to 120HP. Today, Sonalika ITL stands as 3rd largest tractor maker in India and is recognized in both domestic as well as international market as a formidable player. The company has earned the trust of over 7 lakhs customers in more than 80 countries in just 2 decades, which is a remarkable growth.
With the increasing demands of tractors globally and to fulfill this demand, Sonalika has a World Class Single integrated tractor manufacturing facility, strategically located in Hoshiarpur, Punjab. This plant has a capacity to manufacture approximately 2 lakhs tractors annually with a roll out time of around 2 minutes per Tractor. The company has strategic business partnership with Yanmar, Japan.