Sonalika Tractors sold 11,909 overall tractors sales in November 2021 including both domestic sales and exports, recording a year-on-year (YoY) sales decline of 8.98 per cent. That said, the company has performed well in the exports markets and on year to date (YTD) basis, the company has exported 22,268 tractors recording a growth of 72.2 per cent compared to 12,937 tractors sold in the corresponding period last year.
Raman Mittal, Executive Director- Sonalika Group
Raman Mittal, Executive Director - Sonalika Tractors said, "Timely introduction of new models driven by global quality standards, ideal product mix, flexible plant capacities as per growth plans, and commitment based execution/dispatch of orders continues to be key for success in Sonalika's growth. Building customised tractors as per region centric requirements of farmers is our core strength that allows us to partner with farmers for progressive agri-activities. I am delighted to announce that such key factors collectively steered us to bag our highest ever November market share of 16% with significant 1.4 per cent market share growth during the month. Additionally, we achieved another significant milestone during the month in exports as we proudly crossed last full year exports with YTD FY'22 sales of 22,268 tractors in just 8 months. Sonalika's R&D experts continue to work hard to give a practical shape to innovative ideas and we remain committed to take farmers towards a progressive future in a cost optimised way."
Moreover, Sonalika has clocked highest ever November overall estimated market share of 16 per cent which a again of 1.4 per cent in its market share.
