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: India’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 company’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. April’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 world’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.

Latest Press Release

"Sonalika ITL’s annual revenue grows by 17%, a remarkable 4268 crores"

Read More

"A successful story of Make in India initiative Sonalika ITL puts India on the global map"

Read More

"Sonalika ITL closes FY 16-17 with record breaking highest ever tractor sales of 81531 units"

Read More

"Mr. L.D. Mittal, Chairman, Sonalika International Tractors Ltd. ranks 46th among Indian billionaires in the Forbes annual ranking of the world's billionaires for 2016"

Read More

"Sonalika Itl Unviels 'Worldtrac 110', India's First Indigenous 110 Hp Category Tractor"

Read More

"Sonalika ITL unveils technologically advanced “DI 750 III HDM”, “Rx 47 4WD” AND “GARDENTRAC 22” for Maharashtra farmers"

Read More

"Sonalika ITL to expand production capacity; achieves 13.5% market share in Bihar"

Read More

"Sonalika ITL Leading Sustainable Development through its New Forum"

Read More

"Sonalika Itl Displays Advanced Series Of Tractors At Krishi Unnati Mela"

Read More

"Sonalika Itl Unveils Next Generation Di 750 Iii Hdm And Rx 30 Baagbaan Super Tractors At Kisan Fair, Pune"

Read More

"Sonalika Itl Felicitates Johri Girls Selected For National Level Shooting And Meritorious Slum Girls From Molarbund Slum"

Read More

"Sonalika Launches Next Generation Rx 47 Tractor At Sonepur Mela, Bihar"

Read More

"Sonalika Itl Aims To Achieve 19.5% And 21.5% Market Share In Punjab And Haryana In Fy 2015 - 16"

Read More

"Sonalika On The Path Of Becoming A Leading Tractor Brand"

Read More

"L.D. Mittal Chairman Sonalika International Tractors Ltd. ranks 52nd on the Forbes list of 100 richest men in India"

Read More

"Sonalika International Tractors Ltd., the 3rd largest tractor manufacturing company in India aims to double its revenue by 2020"

Read More

"Sonalika ITL adopts two more colonies in Hoshiarpur under their Clean and Green Drive"

Read More

"Sonalika Unveils Advanced Series Of Tractors"

Read More

"Sonalika Launches Two Next Generation Tractors At Jat Expo"

Read More

"Sonalika Launches Two Next Generation Tractors"

Read More

"Sonalika Itl Launches The Next Generation Heavy Duty Mileage Series Of Tractors"

Read More

"Sonalika Launches The Next Generation Heavy Duty Mileage Series Of Tractors"

Read More

"Sonalika Launches The Next Generation Heavy Duty Mileage Series Of Tractors"

Read More

"Sonalika International Tractors Ltd Targets 15% Market Share In Uttar Pradesh"

Read More

"Sonalika Unveils Advanced Series Of Tractors Specifically For Garden & Orchard Farming"

Read More