Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

With 11,909 Units Sold in Nov21, Sonalika Increases Its Market Share by 1.4%

The company has clocked YTD tractor exports 22,268 tractors and surpassed entire FY’21 sales in just 8 months.

Photo Credit :

1607348736_kjjRSl_Sonalika.jpg

Sonalika

Sonalika Tractors, leading tractor manufacture, reports a strong performance to register highest ever November market share of 16% and has been among the leading market share gainers with 1.4%. Overall, the company has clocked 11,909 overall tractors sales in November’ 21. 

During the month, Sonalika further increased its lead in exports with the company registering YTD tractor exports of 22,268 tractors and surpassed entire FY’21 sales in just 8 months. This includes a whopping 72.2% YTD growth over 12,937 tractors sold in the corresponding period last year. Overall, Sonalika has sold 3,225 tractors in the month of November against 1607 tractors exported in the same month last year and registered the growth of 100.7%.

Sharing his thoughts on this superior performance, Raman Mittal, Executive Director, Sonalika Tractors, said, “Timely introduction of new models driven by global quality standards, ideal product mix, flexible plant capacities as per growth plans, and commitment based execution/dispatch of orders continues to be key for success in Sonalika’s growth. Building customised tractors as per region centric requirements of farmers is our core strength that allows us to partner with farmers for progressive agri-activities. I am delighted to announce that such key factors collectively steered us to bag our highest ever November market share of 16% with significant 1.4% market share growth during the month. Additionally, we achieved another significant milestone during the month in exports as we proudly crossed last full year exports with YTD FY’22 sales of 22,268 tractors in just 8 months. Sonalika’s R&D experts continue to work hard to give a practical shape to innovative ideas and we remain committed to take farmers towards a progressive future in a cost optimised way.”




Tags assigned to this article:
Sonalika Tractors November Auto Sales