Sonalika ITL, India’s third largest tractor brand, has clocked all-time high sales of 81,531 tractors in 2016-17, a year-on-year growth of 19.6 percent. While the company sold 69,290 units in the domestic market, up 18 percent YoY, it exported 12,241 units, up 29.3 percent YoY.
Commenting on the fiscal’s numbers, Raman Mittal, executive director, Sonalika ITL, said, “We are proud to have achieved such competitive numbers. Our brand initiatives, market strategies and aftersales services have helped us to maintain our growth trajectory. Till date, we have exported 75,000 tractors to international markets.”
Sonalika ITL currently sells its products in over 80 countries, including 25 European countries with a product range starting from 20hp to 120hp.
The company has one of the world’s largest integrated tractor manufacturing plant equipped with world-class technologies in Hoshiarpur, Punjab.