Punjab - Sonalika Tractors., a brand of International Tractors Limited, achieved robust 33% YoY growth in December 2024, driven by expanded heavy-duty tractor portfolio tailored to farmers needs and an enhanced service network. Sonalika also recorded its highest-ever monthly market share of 18% in December.
Sonalika recorded significant growth in December 2024, with tractor sales reaching 10,639 units, a notable increase from 7,999 units in the same month last year. This performance highlights the company's consistent upward trajectory in the market.
For the year-to-date period from April to December 2024, Sonalika achieved remarkable total sales of 119,369 units, further solidifying position as a market leader. The company’s growth rate outpaced the overall industry, surpassing it by an impressive 2.4 times. This exceptional performance reflects Sonalika's strategic focus on innovation, customer-centric solutions, and its commitment to meeting the diverse needs of farmers across India and beyond.
Sonalika holding a 34.3% share in the export market and serving over 150 countries. Domestically, it is a key player with a 13.5% market share.
Mr. Raman Mittal, Joint Managing Director of Sonalika Group, said, " With every tractor, we reinforce our commitment to plant the seeds of growth, resilience and hope for our farming community. The new milestone of highest ever monthly market share of 18% in Dec’24 has been a perfect culmination of a year brimming with benchmark performance and new milestones. With 33% growth during the month, we have beaten industry growth by 2.4X. With our robust portfolio of heavy-duty tractors, we are poised to seize every new opportunity in the New Year 2025 and are committed to delivering on farmer expectations and driving agricultural prosperity. Wishing you all a brighter and successful New Year 2025."
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