01 Apr, 2021
New Delhi, 1st April’21:After consistently achieving records of excellence month after month in FY’21, Sonalika Tractors has added yet another feather of superlative achievement to the hat of its glorious journey. Sonalika has recorded its highest-ever annual sales of 1,39,526tractors in FY’21 and among the leading market share gainers in the industry. The company has registered a phenomenal domestic growth rate of 41.6% over FY’20 volumes, which is the highest in industry and beaten industry growth (est.26.7 %) by a significant margin. Alongside, Sonalika has recorded its highest-ever annual rotavator sales of 50,000 units in FY’21, recording double the volumes registered in FY’20. Overall, Sonalika Tractors has sold 13,093tractors in March’21, registering a whopping135% growth over March’20.
Commenting on the superior performance in export markets, Dr. Deepak Mittal, Managing Director, Sonalika Group, said, “I am very pleased to see the extraordinary outcome this year. Our strong foundation has served as a unique platform for the company to continue recording extraordinary results even in the most challenging year and we have become the first Indian tractor company to cross 22,000 tractor exports in a single year. This success is credited to the committed team along with our distributors, dealers, financiers, and loyal customers who stayed connected and performed in the markets under adverse conditions without much travel or physical connection. We are proud of our market leadership in 6 countries and close second in another 5.
Upbeat about the company’s performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Achieving a significant landmark of phenomenal domestic growth of 41.6% in FY’21, which is highest in industry and surpassing industry growth (est. 26.7%) by a significant margin amidst the most challenging year is a testimony that we have laid a strong foundation to remain closely knitted with our farmers and the society at large, which has only strengthened with time.
Our plans were not deterred by the external unforeseen situations as we have always remained consistent with our approach to grow and serve our customers. Our innate ability to re-engineer our approach across all business functions powered us to come out as a clear winner month after month, throughout the year”.
MITSUBISHI MAHINDRA AGRICULTURAL MACHINERY, KUBOTA JOIN HANDS TO OFFER PRODUCTS IN JAPAN
ESCORTS SOLD 1,06,741 TRACTORS IN FY21, UP BY 24.1 PERCENT YOY
MAHINDRA’S FARM EQUIPMENT SECTOR SELLS 354,498 TRACTORS IN FY21, UP BY 17.4 PERCENT YOY
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