Pune: Tractor manufacturer, Sonalika Tractor has recorded the highest ever domestic growth of 71.7 per cent and overall (domestic and exports combined) 10,223 tractors sales in July month. Domestic sales stood at 8219 tractors compared to 4788 sales in the same period last year.
Speaking on the performance, Raman Mittal, Executive Director, Sonalika Group, said, “We have launched new tractors with advanced technology features at the same cost of current products, thus helping the farmers to upgrade & enhance their productivity and income. Consistent performance, creating new record high and gaining market share is a testimony of our strong foundation and investment in the world’s best vertical integrated plant, largest channel partners, technology-savvy supply chain and best team.”
“Our cumulative domestic growth (April-July) is at 17.7 per cent, which is highest in the entire tractor industry. This superlative performance is resultant of our strategy to continue launching new tractors customized to meet various geographic and application-specific requirements of the farmers across the globe,” Mittal said.
“We have been consistently growing amidst the prevailing situation with 25 per cent growth (deliveries) in May and 55 per cent growth (billing) in June month and 71.7 per cent growth (billing) in July month. We look forward to the uptick in demand and continue our growth momentum by surpassing industry growth in the forthcoming festive season as well,” he added.