Sonalika Tractor Sales Hit a New Milestone with the Highest Ever Market Share (Dom+Exp) in January 2024

Sonalika, India's leading tractor manufacturer brand, has announced its January 2024 tractor sales data. The company closed the first month of 2024 with an impressive Sonalika tractor sale of 9,769 in January 2024.

This is the company's total sales, including domestic and export markets and with this, Sonalika acquired a 15.6 % share of India's tractor market.

Along with tractors, Sonalika Industries, a unit of ICML, also registered a commendable growth in its domestic rotavator sales. With a YoY growth of 16.7%, Sonalika Industries opened Q4 FY’24 on a high note.

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

We are delighted to start Q4 FY '24 with the highest ever 15.6% overall market share in Jan'24 and the highest market share gain of 2.3 percentage points. With a staggering 9,769 overall tractor sales, we are the only tractor brand to register growth while surpassing the industry (-14.8% est).

Creating a viable farming landscape with our heavy-duty tractors, we have ensured to equip our widest tractor range with powerful yet fuel-efficient engines so that farmers never compromise on their performance while aiming to optimise farming costs. Our determination to support farmers with superior farm technologies keeps driving us towards new milestones, and we will launch more advanced tractors in 2024 with cutting-edge technology to remain as the first choice of farmers.