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Sonalika Tractors posts 57.65% bounce in whole gross sales at 11,540 models in Dec

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Sonalika Tractors on Friday reported a 57.65 per cent progress in whole tractor gross sales at 11,540 models in December 2020. The firm had offered 7,320 tractors in each home and worldwide markets in the identical month of 2019, based on a press release.

Sonalika stated its whole gross sales within the April-December interval of the present fiscal was 1,04,454 models, registering a progress of 33 per cent over the identical interval a yr in the past, which is round thrice the business’s 12 per cent progress within the nine-month interval of monetary yr 2021.

Overall, the corporate has registered its highest-ever December gross sales of 11,540 tractors and highest-ever market share of 16.1 per cent, it added. The Hoshiarpur-based tractor maker, which rolled out the nation’s first field-ready e-tractor Tiger Electric final month, additionally stated it has been promoting a couple of lakh tractors yearly in the course of the earlier three years.

“This is a momentous occasion as we have taken just three quarters to accomplish what was being achieved annually over the last three years. We have surpassed our entire FY’20 sales to sell over 1 lakh tractors in just nine months of FY’21 while recording 33.3 per cent growth, which is 3X the industry growth of 12 per cent,” stated Raman Mittal, government director, Sonalika Group.

“We have set our mission of touching one lakh tractor gross sales in each six months and achieved 50 per cent of it this yr regardless of a difficult yr for your complete automotive fraternity.

“Sonalika has already embarked upon the journey to touch two lakh sales mark annually and will continue to introduce cutting-edge technologies in the tractor industry while we relentlessly work towards our vision to ‘Lead Agri Evolution’ across the globe,” Mittal added.

Despite the pandemic, Sonalika launched 5 new premium tractors, together with Tiger, Sikander DLX, Mahabali and Chhatrapati together with Tiger Electric, stated the discharge.

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