Sonalika ITL roars into FY17-18 by registering 22% growth in April 17, beating Industry growth
- Remarkable 7381-unit sales over the last year, in both domestic and international markets
- Exports grew by 33% with sales of 862 units
New Delhi, 4th May 2017: Indiaâ€™s youngest and the third largest tractor brand, Sonalika International Tractors Ltd, entered the new financial year 2017-18 with an incredible growth of more than 22% in April over last year. The company has recorded a remarkable 7381-unit sales over the last year, in both domestic and international markets in the month of April. This constant growth with 12.3% market share is the result of the companyâ€™s thrust in providing tailor made and advanced solutions to farmers across regions. The companies has registered 33% growth in exports of 862 tractors and 20.9% growth in domestic by selling 6519 units of tractors. Through this rapid growth both in Domestic & Export market, the company has successfully established a strong lead over competition.
Commenting on this incredible growth, Raman Mittal, Executive Director, Sonalika ITL, said, "We are delighted with our remarkable performance in the very first month of FY18 i.e. Aprilâ€™17. With the industry showing positive trend this year, we are also expecting double digit growth in upcoming months."
Placing India on the world map, Sonalika ITL is marketing its products in over 80 countries, including 25 European countries with product range from 20HP to 120HP, which are manufactured in India. Sonalika ITL has established the worldâ€™s number one integrated tractor manufacturing plant with a 3 lakhs capacity equipped with world-class technologies at 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.