Mittal works on delivering all-encompassing agri-solutions
India’s No.1 tractor export brand, Sonalika Tractors https://www.sonalika.com/ , is investing Rs.1,300 crore on two new plants in Hoshiarpur to further strengthen its position of being the world’s largest tractor plant.
“We are elated to have become the only tractor brand to grow in India – the largest tractor market of the world and also beaten industry performance, Raman Mittal, Joint Managing Director, International Tractors Limited, reporting on 10 April an all-time high overall annual market share of approximately 15.3%.
Heading towards establishing a fully mechanised agri-ecosystem by delivering all-encompassing agri-solutions https://agriwelfare.gov.in/ , Sonalika’s voyage throughout FY’24 showcases the company’s synergy with farmers at the grass root levels with its heavy-duty tractors and advanced implements.
The newest peak at Sonalika also includes an unassailable 34.4% exports market https://globalagri.com/ share (est.) clocked during FY’24 among the tractor exporting companies from India. This includes a staggering 6.2% percentile point (est.) change in market share and bolster up the company’s position as India’s No.1 tractor exporter with a significant gap with the next brand.
It is launching 5 new tractors https://www.nafpo.in/ , including SV series electric tractor, designed for international markets at 1st of its kind ‘ITL Global Partners Summit (GPS 200)’ in India.
It is also launching the biggest tractor https://www.ofai.org/ range of 10 new models under the premium Tiger series in 40-75 HP and Sikander DLX DI 60 Torque Plus with the biggest engine in its category and Industry’s first one price across the country. Fiinews.com
