Sonalika Tractors sells 6,550 units in July 2018, up 27.6%

Sonalika ITL sold 5,656 units in the domestic market to post a y-o-y growth of 30.7%.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 Aug 2018 Views icon28168 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Hoshiarpur-based tractor company, Sonalika ITL, has registered an overall growth of 27.6 percent in July 2018 with the reported cumulative sales of 6,550 tractors.

The company sold 1,416 units more as compared to the previous year. These figures are inclusive of the export numbers as well. In the domestic front, it claims its highest growth in the month of July by selling 5,656 units this year as against 4,327 units last year, a rise of 30.7 percent.

Commenting on its domestic growth, Raman Mittal, executive director, Sonalika group said, “After achieving ever highest quarter sales in Q1 FY’19, we have reported a profit after tax of Rs 233 crore. Continuing our growth momentum in July’18, we recorded the industry’s highest domestic growth. Our focus to provide customised crop solutions has triggered this growth momentum.”

Sonalika ITL has one of the largest integrated tractor manufacturing plant in Hoshiarpur, Punjab and serves in more than 100 countries apart from India. The company claims to manufacture more than 1,000 variants in the 20-120hp category.

Geological Survey of India steps up hunt for lithium to eight states

auther Autocar Pro News Desk calendar21 Mar 2023

Following the recent discovery of 5.9 million tonnes of inferred lithium reserves in Jammu & Kashmir, GSI conducting exp...

Ceat elevates Anant Goenka to vice-chairman, Arnab Banerjee to MD-CEO

auther Autocar Pro News Desk calendar21 Mar 2023

After his decade-long stint as MD and CEO, which has seen Ceat transform hugely in technology, branding and production c...

DICV improves BharatBenz heavy-duty truck cabin safety to European norms

auther Autocar Pro News Desk calendar21 Mar 2023

Daimler India CV has voluntarily upgraded the cabins of its heavy-duty mining and construction trucks to AIS-031 safety ...