The Business Bytes
THEBUSINESSBYTES BUREAU
NEW DELHI, JANUARY 6, 2025
Sonalika Tractors, India’s leading tractor export brand, has capped off 2024 with a remarkable achievement, securing its highest-ever monthly market share of 18 per cent in December. The company recorded a significant 33 per cent growth in overall tractor sales, delivering 10,639 units compared to 7,999 in December 2023. This surge surpasses the industry’s growth by an estimated 2.4 times.
Continuing its upward trajectory, Sonalika reported an impressive year-to-date (YTD) sales figure of 1,19,369 tractors from April to December 2024. This milestone highlights Sonalika’s dedication to innovation and its mission to offer tailored heavy-duty tractor solutions for farmers.
With a steadfast commitment to modernizing agriculture across more than 150 countries, Sonalika has been a pioneer in enhancing productivity and efficiency in farming practices. The company has expanded its product portfolio to meet the diverse needs of farmers, considering various crops and soil conditions. Additionally, by bolstering its service network, Sonalika ensures close engagement with its customers, reinforcing its role as a reliable partner in agricultural development.
Raman Mittal, Joint Managing Director of International Tractors Limited, reflected on the company’s success, stating, “Every tractor we produce embodies our commitment to fostering growth and resilience within the farming community. Achieving an 18% market share in December 2024 marks a year filled with remarkable performances and milestones. Our 33 per cent growth this month, outpacing industry growth by 2.4X, is a testament to our dedication. Looking ahead, we are ready to embrace new opportunities in 2025, continuing our journey toward agricultural excellence. Here’s to a bright and prosperous New Year for all.”
This outstanding performance sets the stage for another year of growth and innovation, with Sonalika poised to drive further advancements in the agricultural sector.
