New Delhi: Sonalika on Thursday said that it has recorded its highest- ever annual sales of 1,39,526 tractors in FY21.
The company has registered a growth rate of 41.6% over FY20 volumes, which is the highest in the industry and beaten the industry growth rate (est.26.7 %) by a significant margin, the company claims.
It has also recorded its highest-ever annual rotavator sales of 50,000 units in FY 21, recording double the volumes registered in FY20.
Overall, Sonalika Tractors has sold 13,093 tractors in March 2021, registering a 135% growth over March 2020.
Deepak Mittal, managing director, Sonalika Group, said, “We have become the first Indian tractor company to cross 20,000 tractors exports in a single year. This success is credited to the committed team along with our distributors, dealers, financiers and loyal customers who stayed connected and performed in the markets under the adverse conditions without much travel or physical connection. We are proud of our market leadership in 6 countries and close second in another 5.”
“Our plans were not deterred by the external unforeseen situations as we have always remained consistent with our approach to grow and serve our customers. Our innate ability to re-engineer our approach across all business functions powered us to come out as a clear winner month after month, throughout the year,” he added.
Sonalika manufactures the widest heavy duty tractor range in 20HP -120 HP and 70-plus implements at its Hoshiarpur facility in Punjab.