Sonalika Invests ₹1,000 Crore in Electric Mobility

26 Sep, 2024

Sonalika, India’s number 1 tractor exporter, has made a big announcement to invest ₹1,000 crore in electric mobility.

The business is taking a big step toward its goal of making electric tractors and quadricycles. This brave move also fits in with India's green efforts. The company will initially target the export markets with the expected launch in two years.

With the launch of its first field-ready electric tractor in December 2020, Sonalika has already planned to put more money into electric tractors. This investment of Rs. 1000 crore will improve research and development and contribute in the manufacturing of new electric tractors.

Embracing Electrification in Agriculture

Sonalika is making smart moves in electrification to change the agriculture industry. As the world moves more toward eco-friendly options, electric tractors are becoming more and more important for sustainable farming.

When compared to traditional diesel-powered tractors, these electric tractors are more cost-effective and produce less pollution. Although electric tractors are more expensive to buy, they end up saving money in the long run because they use electricity instead of diesel and have low maintenance costs.

With this investment, Sonalika will create advanced electric tractor models that are efficient, cost-effective, and designed to meet the needs of farmers around the world. Sonalika plans to provide farmers access to environmentally friendly machinery and make the company a star in sustainable farming.

Quadricycles: A New Frontier in Urban Mobility

That's not all Sonalika has planned!

The company is also planning to make electric quadricycles. Quadricycles are ideal for towns with lots of traffic as they are small and light. Since these electric vehicles (EVs) use clean energy, they promise to clean up towns and save people money on fuel. 

Leading the Green Revolution

Sonalika’s investment fits right in with the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) program and the National Electric Mobility Mission Plan (NEMMP) that promotes the adoption of electric vehicles. By investing in electric tractors and quadricycles, Sonalika supports these policies and aims to reduce pollution and encourage green mobility solutions in India.