Sonalika Tractors has reported another fantastic performance to clock the highest ever Q1 overall sales by selling 39,274 units in FY’23, which includes an 18% growth over 33,215 units sold in Q1 FY’22.
New Delhi, On 7th July’22: India’s No1 tractor export brand, Sonalika Tractors, has been creating new product and performance benchmarks since the FY’23 beginning and has proudly rewritten its record books yet again. The company has recorded its highest-ever Q1 overall sales of 39,274 tractors, which is an 18% growth above 33,219 overall tractor sales recorded in the corresponding period in FY’22. With a dominating Q1 performance, the company has further accelerated its journey in the ongoing financial year and cemented its position for upcoming seasons ahead.
One of India’s leading tractor manufacturers, Sonalika religiously implements its deep understanding about markets across its heavy-duty portfolio with a precise aim to match the same with regional customer demands. Despite unprecedented heat waves affecting crop production across the country, the MSP uptick from the government has facilitated healthy rural cash flow, thereby driving overall tractor demand in Q1 FY’23. As monsoon expands its base across the country, Sonalika Tractors will remain at the forefront to support farmers win their everyday farming challenges.
Mr Raman Mittal, Joint Managing Director, International Tractors Limited, Commented on achieving the new Q1 performance milestone, “Delivering on farmer’s expectations month after month empowers us to set new benchmarks both in terms of product as well as performance. Achieving our highest ever Q1 overall sales of 39,274 units with 18% growth is a testament that we understand farmers and their regional market requirements well, which subsequently boils down to reinforced farmer trust in brand Sonalika. Strategically supported by our unique approach of customising our tractor portfolio, I am optimistic that we have set our FY’23 course in the right direction for upcoming seasons later during the year. Sonalika Tractors will continue to address regional farmer requirements to ensure high productivity and income for their buoyant future.”
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