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Sonalika achieves staggering 10,683 overall tractor sales in July'23 with 14% domestic growth

Sonalika achieves staggering 10,683 overall tractor sales in July'23 with 14% domestic growth

    Sonalika achieves staggering 10,683 overall tractor sales in July'23 with 14% domestic growth

02 Aug, 2023

New Delhi, 3rd August’23: 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% domestic growth and has beaten industry growth (est. 6.4%). 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).

sonalika tractor sales figures in July 2023

Small and marginal farmers constitute around 86% 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%, much lower than countries like United States (95%), Brazil (75%) and China (59.5%). 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, Mr 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% domestic growth, we have beaten industry growth (est. 6.4%) 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.”

In a post on Linkedin Joint Managing Director of International Tractors limited (Sonalika & Solis) Mr. Raman Mittal wrote: 

Addressing even the most unique demand for tractors has been earning us farmer's love for our brands as well as admiration for our widest, heavy duty tractor range.

Our consistent efforts to offer global products to farmers has enabled us to register a staggering 10,683 overall tractor sales in July'23, with 14% domestic growth surpassing industry growth (est 6.4%). Our cumulative tractor sales achievement in just 4 months (Apr-July'23) has crossed the 50,000 tractors mark. Such milestones will act as fuel for our passionate journey.

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Recently Asked Question about Sonalika achieves staggering 10,683 overall tractor sales in July'23 with 14% domestic growth

How many tractors did Sonalika sell in July 2023?

Sonalika sold 10,683 tractors in July 2023.

What is the domestic growth of Sonalika in July 2023 sales?

Sonalika domestic growth is 14% in July 2023.

What is the significance of Sonalika surpassing 50,000 tractor sales in just 4 months?

Achieving over 50,000 tractor sales within 4 months (Apr-July 2023) highlights Sonalika's popularity and impact in the agricultural market.

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