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Sonalika's Rs 1,000 Crore Bet on Electric Mobility

India’s biggest tractor exporter is betting big on electric tractors and quadricycles, aiming to transform agriculture and urban mobility. The company plans to target export markets initially, with launches expected within two years.

By Kiran Murali & Ketan Thakkar

24 Sep 2024

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Sonalika's Rs 1,000 Crore Bet on Electric Mobility

In the race towards electrification, one might expect the spotlight to fall on sleek passenger cars or nimble two-wheelers. Yet, quietly rumbling in the background, a revolution is brewing in an unexpected sector: tractors. Sonalika Group, India's leading tractor manufacturer, is not just joining this green wave—it wants to lead it.

With a Rs 1,000 crore investment plan, Sonalika is set to transform the traditionally diesel-dependent world of agricultural machinery. But the company's ambitions don't stop at the farm gate: Sonalika is also venturing into the production of electric quadricycles.

For the company, this dual-pronged approach isn't just ...

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