Sonalika Tractors continues strong growth journey Domestic volu
Chennai: India’s youngest tractor brand, International Tractors Limited (ITL), makers of Sonalika tractors, which has built the World’s No 1 integrated tractor manufacturing plant in Hoshiarpur, recorded domestic sales of 6039 units in the month of January as against 4172 units same period last year, registering 45% growth with all regions contributing significantly, while strengthening footprints in southern markets. The export volume for the month stood at 735 units.
The company performed well in the first month of the year and the union budget announced reinforces how the agriculture segment is going to grow and benefit in FY 18-19.
Commenting on the same, Mr. Raman Mittal, Executive Director Sonalika ITL stated, “The Union Budget 2018-19's strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector's growth. We also appreciate the budget’s focus on increasing farmer’s income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.
Sonalika has always focused in offering customized farming solutions leading to enhanced productivity. We are amongst the few selected brands partnering Niti Aayog’s - Champion’s of Change to contribute in the strategy for doubling farmer’s income.