SONALIKA achieves 14% share in Tractor market during 2021-22
While declaring impressive sales figures for the year 2021-22, Joint Managing Director of International Tractors limited (Sonalika & Solis) Mr. Raman Mittal stated: ‘Doing the Impossible’ is what we have always followed as our mission while winning markets across the world. Believing in our market research and penetrating newer markets and segments throughout FY’22, we have continued with our record performance to register 1,36,116 overall tractor sales and hold a strong 14% market share. Alongside, we also clocked our highest ever annual production of 1,34,182 tractors as we ensured a superior product mix was always available for our customers.
We have also proudly breached the 35,000 tractor exports mark in a single year and further extended our unassailable lead as No. 1 exports brand. With 59.2% YoY growth, we not just surpassed industry exports growth of 45.3% by huge margin but also were the top market share gainer among leading tractor exports brands. Mr. Raman said.
Sonalika has set into FY’23, fully geared up to launch new advanced products , harness new technologies and ensure superior services to its customers as it remains committed to the vision to drive global farm prosperity.