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Sonalika ITL Tractor Sales Up 19.6% At 81,531 Units In FY17

This is the highest sale of tractors ever to be recorded in the history of the company. This has led to the increase in the company’s market share from 11.9 per cent to 12.3 per cent

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Tractor manufacturer Sonalika International Tractors Limited (ITL) reported its best ever annual sales at 81,531 units, registering a growth of 19.6 per cent in 2016-17.

This is the highest sale of tractors ever to be recorded in the history of the company. This has led to the increase in the company’s market share from 11.9 per cent to 12.3 per cent.

During the year, the company sold 69,290 units in the domestic market, clocking an increase of 18 per cent from the previous fiscal, Sonalika ITL said in a press statement.

Exports in FY17 grew by 29.3 per cent at 12,241 units, it added.

In March, the company sold 6,029 units in the domestic markets, up 26 per cent from the same month last year. Exports during the month were at 1,066 units, up 77 per cent.

Commenting on the sales performance, Sonalika ITL Executive Director Raman Mittal said: "Our brand initiatives, market strategies and after sale services have helped us to maintain our growth trajectory".

Sonalika ITL sells a range of tractors from 20HP to 120HP to over 80 countries, including 25 European countries.

The company has established integrated tractor manufacturing plant’s equipped with world-class technologies in Hoshiarpur, Punjab.

The new plant will provide a complete agricultural solution to cater to the needs of the global and domestic markets, matching international standards in quality.


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sonalika group tractors agriculture