Sonalika clocks 43.5 pc domestic growth

Succeeding its record performance clocked in FY’22 both in tractor sales and production, India’s No1 tractor exports brand Sonalika is now ready to take the market by storm in FY’23. Sonalika Tractors has recorded its highest ever April month overall tractor sales of 12,328 units. This is powered by the best ever April’s domestic sales of 10,217 tractors, an increase of 43.5% over the 7,122 domestic tractor sales recorded in the April’21. With this, the company has beaten industry growth of est. 41% even at such high growth levels and prepared a strong platform to achieve the extraordinary yet again during the new financial year.

One of India’s leading tractor manufacturer, Sonalika follows a unique approach of developing customised tractors that address all critical needs of farmers – be it related to farming or haulage. Ensuring farm prosperity across the world, the company has doubled its exports in last two years and winning their trust across regions. The company continues to receive overwhelming response for its heavy duty range as it has been clocking over 1 lakh annual tractor sales every year over the past half a decade. Entering into the FY’23, Sonalika is fully prepared with new product launches lined up during the year and ensure superior services to its customers worldwide. 

Sharing his thoughts about the superior performance, Mr. Raman Mittal, Joint Managing Director, Sonalika Tractors, said, “It is invigorating to start the Q1 FY’23 with highest ever April month overall sales of 12,328 tractors with best ever April domestic sales. With staggering 43.5% growth in domestic market, we have surpassed industry growth of est. 41% even at such high growth levels and this has certainly set course for us in this year. I am thankful to our customers for this incremental trust level in our technologically advanced and customized tractors and our channel partners who remain committed with us to deliver better than the best across the world.

He added, “Year after year, we have commanded the position of No1 tractor export brand from India and have doubled our export volumes in just two years. While overpowering challenges throughout FY’22, we continued to build up strong momentum and ensured to carry the same forward for a splendid performance in FY’23. With prevailing positive sentiments, bumper wheat harvest and likely normal monsoon, the market demand has gradually picked up momentum. Sonalika will leave no stone unturned in addressing farmer’s crop and geography specific needs and speed up farm mechanisation for a prosperous future. Gearing up for FY’23, we will continue to follow our product offensive strategy that includes innovative new tractors as well as advanced technology upgrades.