Sonalika registers 71.7% domestic growth in July 2020

Sonalika registers 71.7% domestic growth in July 2020

India’s one of the leading tractor manufacturers, Sonalika Tractor in July 2020 recorded highest ever domestic growth of 71.7 percent and overall (domestic+exports) 10,223 tractors sale. Domestic sales stood at 8,219 tractors compared to 4,788 sales same period last year. The company continues to be on growth trajectory beating industry growth.

Speaking on the performance, Raman Mittal, Executive Director, Sonalika Group, said, “We have recorded highest ever domestic growth of 71.7 percent in July 2020 beating industry growth with overall sales at 10,223 tractors. This consistent performance, creating new record high and gaining market share is a testimony of our strong foundation and investment in world’s no.1 vertical integrated plant, largest channel partners, technology savvy supply chain and best team. We have launched new tractors with advanced technology features at the same cost of current products, thus helping the farmers to upgrade and enhance their productivity and income.”

“Our cumulative domestic growth (April-Jul) is at 17.7 percent, which is the highest in the entire tractor industry. This superlative performance is resultant of our strategy to continue launching new tractors customised to meet various geographic and application specific requirements of the farmers across the globe. We have been consistently growing amidst the prevailing situation with 25 percent growth (deliveries) in May 2020 and 55 percent growth (billing) in June 2020 and 71.7 percent growth (billing) in July 2020. We look forward to the uptick in demand and continue our growth momentum by surpassing industry growth in the forthcoming festive season as well,” Mittal added.

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