Sonalika ITL strengthens its position by achieving 17.6 percent growth, exceeds the industry average.
10 Jul 2017 | 11656 Views | By Autocar Pro News Desk
India’s third largest tractor brand, Sonalika International Tractors, has reported global sales (domestic + exports) of 25,002 units, up by 17.6 percent growth for the same quarter last year. As per the company it has recorded its highest-ever domestic quarterly sales of 22165 units, as against 18725 units for the same ...
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India’s third largest tractor brand, Sonalika International Tractors, has reported global sales (domestic + exports) of 25,002 units, up by 17.6 percent growth for the same quarter last year. As per the company it has recorded its highest-ever domestic quarterly sales of 22165 units, as against 18725 units for the same period last year, registered a growth of 18.4 percent. The company has a capacity to produce 300,000 units per annum.
Commenting on the growth Raman Mittal, executive director, Sonalika ITL, said, “Our domestic sale volumes were strengthened by a healthy monsoon this year, increasing awareness of mechanisation in increasing yield, and recent waiver on farm loans."