New Delhi: India’s leading tractor export brand, Sonalika Tractors, has reached a historic milestone in Q1 FY ’25, achieving its best-ever Q1 sales of 41,465 tractors and the highest overall market share of 14.4 per cent (estimated.), doubling the industry’s growth rate, the company said today.
“The tractor manufacturer also recorded its best-ever June performance in the domestic market, selling 14,062 tractors. This marks a sales growth of 16.6 per cent and a market share increase of 1.4 percentage points, the highest among all tractor brands. In June 2023, the company sold 12,056 tractors domestically. As agritech solutions become increasingly farmer-centric, Sonalika has enabled countless farmers to benefit from its heavy-duty tractors’ superior power and robust quality, resulting in higher farm output,” the tractor company said.
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Speaking on this performance, Raman Mittal, Joint Managing Director of International Tractors Limited, said, “We are delighted to achieve our best-ever Q1 performance in FY ’25, with the highest overall sales of 41,465 tractors and a market share of 14.4 per cent (est.), doubling the industry’s growth rate. Our remarkable June 2024 domestic market performance, with 14,062 tractor sales, reflects a record sales growth of 16.6 per cent and a market share gain of 1.4 percentage points, the highest among all tractor brands.”
The early arrival of the monsoon in India has brought positive sentiments to the agricultural sector, with Kharif acreage increasing by over 30 per cent in FY ’25. La Niña conditions are expected to intensify in the second half of the monsoon, potentially compensating for the current precipitation deficiency. “Sonalika takes pride in being a frontrunner in promoting agricultural development in India through its disciplined and qualitative approach. Our teams work collaboratively to brainstorm, design, and develop new farm-tech machinery that makes farming more sustainable, and we are eager to play a leading role in the overall progress of our farmers,” Mittal added.
