Sonalika Tractors December sales surge 14% at 6,066 units

Home-grown tractor maker dispatched 5,321 in December 2017, as per a company release.

New Delhi: Sonalika International Tractors reported a 14 percent growth in total sales at 6,066 units for the month of December 2018.

Home-grown tractor maker dispatched 5,321 in December 2017, as per a company release.

The company recorded 26 percent growth in exports by selling 1014 units and 11.9 percent growth in the domestic market at 5,052 tractor units during the month under review.

In April-December 2018 period, the overall sales (Domestic + Exports) stood at 87,507 units in, up 20.8 percent, compared to 72,438 units the same period year ago.

Speaking on the year-end, Raman Mittal, Executive Director, Sonalika Group, said, “The year 2018, was full of achievements, creating newer milestones, breaking records as well as receiving accolades. We are extremely delighted with the overall company’s growth of 20.8 percent on a cumulative basis (April-Dec’18) with Exports registering a robust growth of 36 percent."

Commenting on the outlook for the upcoming quarter (Q4) he further said “Consumer sentiments are expected to be positive owing to the government’s favorable pro-farmer policies and major structural reforms, as well as an anticipation of better Rabi crop yield. Hence the industry growth is expected to continue at the same pace and is expected to touch all-time record high in this financial year. We will continue to surpass overall industry growth.”