Sonalika Records A Dominant 41.7% Domestic Growth In December'22, Selling 10,571 Tractors, Outpacing Industry Growth

Sonalika Tractors, India's No. 1 tractor export brand, has kicked off its New Year 2023 and Q4 FY'23 legs with startling achievements, capitalizing on the strong momentum built throughout FY'23. The company outperformed farmer expectations and sold 10,571 tractors in December'22, representing an outstanding 41.7% domestic growth and beating the industry growth (estimated at 26%). In total, the company sold 1,18,449 tractors between Q1 and Q3 of FY'23, laying the groundwork for its continued winning streak while ensuring authoritative prosperity for farmers.

"We are thrilled to meet farmer expectations with our cutting-edge technology-powered tractors and implements as the importance and adoption of technology in the agri sector skyrockets," said Mr. Raman Mittal, Joint Managing Director, International Tractors Limited.

“We surpassed the industry growth (estimated at 26%) by 1.6X and sold 10,571 tractors in December'22, thanks to a staggering 41.7% increase in domestic growth. This shows that there is a year-round demand for farm mechanization, and the unwavering confidence each farmer has in our brand helps to solidify our position in the agri-ecosystem, he added.

"As 2023 drew closer, our rapid innovation drive is up and running and will keep giving farmers simple access to top-notch farming technologies. We are committed to assisting them in achieving the highest productivity across all seasons and applications to lead farm mechanization growth."

Sonalika Tractors actively remains connected with farmers at the grass root level across the country and inspires them to adopt farm mechanization, with the core belief of adding unlimited progress in the lives of millions of farmers lives in India and abroad. Sonalika customized tractors are built with powerful engines, intelligent transmissions, and strong hydraulic systems to make farming easier and maximize crop yield and income for farmers.

Currently, Sonalika Tractors is India's top tractor export brand. Additionally, it is the third-largest tractor producer in the nation and one of the top five worldwide. Incorporated in 1996 with farmer-centricity at its core DNA, the company manufactures customized tractors and implements that are developed to meet farmers' regional and application-specific needs. Sonalika, as a farm mechanization expert, always keeps farmers at the forefront of any new development, whether product or service, to ensure that they continue to progress toward a prosperous future.

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