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Sonalika Tractors Registers November Market Share of 16%

TNI || New Delhi || 07th Dec 2021

The technologies importance in the Agri sector has raised considerably and this has led to rapid growth and innovation in farm equipment solutions.

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Sonalika Tractors, which is India’s leading tractor manufacturing player and also a pioneer export brand has consistently continued to stay ahead of the industry performance and has registered the highest ever market share of November, pegging at 16 percent as well as has also been among the leading market share gainers at 1.4 percent.

The company has clocked a figure of 11909 units last month. It has further increased its lead when it comes to exports and thereby strengthened its brand position as number one in exports.

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The company has achieved a YTD figure of 22268 tractors and has hence surpassed the FY 21 sales figures in eight months only. This figure includes a whopping 72.2 percent YTD growth on around 13000 tractors sold in the last year during the same period.

The company has overall sold 3225 tractors last month against 1607 exported tractors marking a growth of 100.7 percent.

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Raman Mittal, ED of Sonalika Tractors, upon this development, said that because their company has been timely introducing new models that are driven by global standards, the growth is bound to happen.