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Sonalika ITL ends Q1 FY18 with sales growth of 17.6 %
Date: 12/07/2017

Tractor manufacturer Sonalika International Tractors Ltd has posted global sales (domestic + exports) of 25,002 units, a 17.6 % growth over the same quarter last year, according to a company statement. Due to this Sonalika ITL has recorded its highest-ever domestic quarterly sales of 22165 units, against 18725 units for the same period last year, a growth of 18.4%, claims the company. Raman Mittal, Executive Director said, “Sonalika ITL is today a trusted brand among farmers across markets, in both India and overseas and the company has always focused on offering customized-solutions to all types of farming needs. Our domestic sales volumes were strengthened by a healthy monsoon this year, increasing awareness of mechanisation in increasing yield, and recent waiver on farm loans." Sonalika ITL continues its stronghold as India’s third largest tractor maker, and with a robust growth trajectory across international and domestic markets, it leads industry players like Escorts (by 7441 units), John Deere (by 8510 units) and Case New Holland by 17073 units, at the end of FY 18- Q1. The tractor maker has a capacity to produce 3 lakh units per annum and has 7 lakh customers over two decades.

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