Business News | Sonalika Marches Ahead in FY’24 to Record 10,683 Overall Tractor Sales in July’23 with 14 Per Cent Domestic Growth Beating Industry Growth (est. 6.4 Per Cent)
Get latest articles and stories on Business at LatestLY. New Delhi [India], August 3: With the new record achievement, Sonalika Tractors has also surpassed 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23) of FY’24. India's No. 1 tractor export brand, Sonalika Tractors has been consistently assuring a progressive future for all farmers with its heavy duty tractors and marching ahead in the financial year 2023-24. The company has recorded an overall sales of 10,683 tractors in July’23 which includes 14 per cent domestic growth and has beaten industry growth (est. 6.4 per cent). The staggering performance has validated that Sonalika’s innovation powered approach is on the right track towards cultivating a sustainable farmer growth in the diversified Indian agri market. With this, Sonalika has also surpassed 50,000 cumulative tractor sales mark in 4 months of FY’24 (Apr-July’23).
GLOBAL PR CONNECT (GPRC)
New Delhi [India], August 3: With the new record achievement, Sonalika Tractors has also surpassed 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23) of FY’24. India's No. 1 tractor export brand, Sonalika Tractors has been consistently assuring a progressive future for all farmers with its heavy duty tractors and marching ahead in the financial year 2023-24. The company has recorded an overall sales of 10,683 tractors in July’23 which includes 14 per cent domestic growth and has beaten industry growth (est. 6.4 per cent). The staggering performance has validated that Sonalika’s innovation powered approach is on the right track towards cultivating a sustainable farmer growth in the diversified Indian agri market. With this, Sonalika has also surpassed 50,000 cumulative tractor sales mark in 4 months of FY’24 (Apr-July’23).
Also Read | India Restricts Imports of Laptops, Tablets, and Computers in a Bid To Boost Domestic Manufacturing.
Small and marginal farmers constitute around 86 per cent in India, who generally possess small land holdings and limited resource availability as well as awareness for farm mechanisation. Due to this, the overall mechanisation in agriculture stands at 47 per cent, much lower than countries like United States (95 per cent), Brazil (75 per cent) and China (59.5 per cent). Sonalika Tractors has been supporting the entire farmer fraternity to adopt farm mechanisation as it rolls out the widest, heavy duty tractors range in 20-120 HP. The technologically advanced tractors are designed to steer farmers through all farm complexities comfortably. The company has already been showcasing its entire tractor price range on the official website for transparency in the tractor buying process. The initiative has not just eased up farmer’s lives, but also increased their trust in the brand.
Sharing his views on the new achievement, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “We are delighted to have farmer’s admiration for our heavy duty tractor range that has enabled us to record 10,683 overall tractor sales in July’23. With 14 per cent domestic growth, we have beaten industry growth (est. 6.4 per cent) and powered past 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23). Receiving such love for our brand inspires us to ‘be better than our best’ every time and rapidly customise advanced farm technologies as per regional needs of Indian farmers. Delivering farmer happiness is the core at ITL and the same will always remain as an integral part of every new innovation undertaken by us. Creating awareness and supporting adoption of farm mechanisation is our top priority as it will help farmers progress faster towards prosperity.”
(Disclaimer: The above press release has been provided by GLOBAL PR CONNECT (GPRC). ANI will not be responsible in any way for the content of the same)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)