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Sonalika International Tractors, the country's third largest tractor brand, has registered global sales (domestic + exports) of 25,002 units, a 17.6 per cent growth, in the second quarter ended June 30 compared to the same quarter last year.
The company has registered its highest-ever domestic quarterly sales of 22,165 units during the second quarter against 18,725 units in the same period last year, a growth of 18.4 per cent.
During June, the company’s domestic sales touched 8,379 units registering a growth of 10.3 per cent over last year, while exports stood at 907 units. This breakthrough in sales have led to increase in the overall market share to 13 percent.
Raman Mittal, Executive Director, Sonalika ITL, said, "Our domestic sale volumes were strengthened by a healthy monsoon this year, increasing awareness of mechanisation in increasing yield, and recent waiver on farm loans."
Sonalika continues its stronghold as India’s third largest tractor maker, ranking ahead of industry players like Escorts (by 7,441 units), John Deere (by 8,510 units) and Case New Holland by 17,073 units, at the end of FY18 Q1.
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