Sonalika Records Sturdy 26 percent Domestic Growth to Clock 9,741 Tractor Sales and Beat Industry Growth in Jan’23

Date:

Trending

- Advertisement -

India’s No. 1 tractor exports brand, Sonalika Tractors has fast forwarded its exquisite journey in FY’23 with a new record performance and registered a staggering 26% domestic growth to clock 9,741 overall tractor sales in January’23. Largely powered by its recent unprecedented step of revealing tractor prices on official website and a transformational customer centric approach, this staggering achievement by Sonalika marks the grand opening of the year 2023 and has direction for the company for rest of the year. The staggering performance has also enabled the company to beat industry growth and reflects on its strenuous efforts to reach 1,28,190 YTD tractor sales (Apr’22-Jan’23).

Mr. Raman Mittal, Joint Managing Director, ITL

Sonalika has continued to win farmer’s trust with its unique approach over the years and provide easy access of superior technologies to farmers across the globe. The company has further capitalised on favourable market conditions such as record wheat acreage and construction activities which are on full swing in India. Deepening its commitments further to support agri-ecosystem month after month, Sonalika is fully geared up to meet the ever changing needs of the farmers along with reliable affordability and ensure exponential income growth.

Speaking on this stupendous achievement, Mr. Raman Mittal, Joint Managing Director, International Tractors Limited, “Farmers are considered to be the ‘annadata‘ of our country and are a source of inspiration for all of us as they work selflessly and tirelessly every single day to feed such a vast, populous country like India. Innovating for their prosperity and increased income is something we religiously follow at Sonalika Tractors and our unique approach is deeply inscribed in our DNA.”

He added, “Along with launching innovative products, we also keep taking unique initiatives such as revealing tractor prices on website that indeed has created a kind of revolution among farming community as we have been witnessing huge influx on our website as well as dealerships. This approach has addressed a big issue for farmers and by ensuring such transparency in tractor buying process on our already robust product portfolio, we have been further reinforcing farmer’s trust in our brand. This has enabled us to clock a sturdy 26% domestic growth to beat industry growth and clock 9,741 overall tractor sales in Jan’23. Our YTD growth trajectory has reached 1,28,190 tractor sales which is inspiring for us to remain committed towards farmers and develop a world class product portfolio for their prosperous future.”

- Advertisement -

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

More Latest Stories

More Articles

How Air Can Become Urban India’s New Water Source

India's cities are running dry. Chennai nearly ran out of groundwater in 2019. Bengaluru's lakes are shrinking. Delhi's borewells are drawing from depths unimaginable...

The Human Algorithm: Why the Future of Digital Marketing Belongs to Empathetic Strategists

The modern marketing department is quieter than it used to be. The frantic tapping of copywriters racing against deadlines and the loud debates of creative directors have largely been replaced by the hum of servers processing natural language. Today, an enterprise can generate ten...

How AI is Rewriting the Economics of India’s $300 Bn IT Services Sector

When Microsoft CEO Satya Nadella recently disclosed that artificial intelligence now generates nearly 30...

Bounce House Rental vs Inflatable Slides: Which Option Delivers More Excitement?

Planning a family gathering or a children's party often involves finding the perfect entertainment...

How Hiring a Qualified Plumber Solves Major Household Issues

For many homeowners, maintaining a functional and safe home is a top priority. Plumbing...

Why India Must Own Its Education Intelligence Stack

India has rapidly digitised large parts of its education ecosystem over the last decade....

Why Micro Learning at 3 Minutes Works Better Than Lectures at 3 Hours

In the fast-moving world of digital education, there is one myth that continues to...

More Than Just a Scratch: The Importance of Windshield Care

Maintaining your vehicle’s windshield often appears as a seemingly minor task that can easily...

How Choosing A Licensed Plumber Ensures Quality Repairs

When it comes to maintaining a safe and comfortable home, the quality of plumbing repairs can significantly impact your daily life. From leaky faucets...

The world’s largest crypto market is building in the dark

India remains one of the few significant economies without a comprehensive crypto and stablecoin...

How Location Data Storage Technology is Making City Travel Smoother

India’s mobility ecosystem is undergoing a quiet but powerful transformation, driven not just by...

India Is Building Cities Without Building the Systems That Make Them Work

India is in the middle of the largest urban expansion in its history. By 2050,...

Why Cyber Resilience Is Replacing Cybersecurity as a Boardroom Priority

Traditionally, cybersecurity was hard-wired to be a technology concern that was only taken care...

Infrastructure 4.0: How AI & Predictive Analytics Are Transforming Real Estate

The new era of technology and innovation has changed operations in many industries. The integration of artificial intelligence in different industries is making processes...

The Rise of Integrated Solar Tech Ecosystems in India

India’s clean energy is all about building an ecosystem that is interconnected with various elements and goes beyond just installing solar panels at scale. Renewable energy generation, storage, digital intelligence, manufacturing, financing, and grid infrastructure work together within the said ecosystem in a coordinated...

Beyond Nvidia: The Hidden Winners of the AI Stock Rally

Nvidia stock (NASDAQ:NVDA) has returned roughly 1,200% since ChatGPT launched in late 2022. Most...

What PM Modi’s Appeal to Avoid Gold Buying Could Mean for India’s Jewellery Economy

When Prime Minister Narendra Modi recently urged citizens to avoid purchasing gold for a...

How Agentic AI Is Personalising the End to End Salon Experience

Walk into a salon today, and more often than not, the experience still depends...

From Black Box to Trusted AI: Why Defence Needs Constitutional AI Models

For decades, the defence and intelligence agencies have followed one non-negotiable rule: trust nothing...

Apple Reports $111.18 Billion Revenue in Q2 FY26, Net Profit Rises to $29.6 Bn

Apple Inc. (NASDAQ:APPL) has reported its financial results for the quarter ended March 28,...

Hermès vs MetaBirkin: The NFT Case That Redefined Ownership on Ethereum

The NFT boom of 2021 and early 2022 pushed digital assets into the mainstream,...

Bihar Police, Vehant Technologies Partners to Deploy Screening Systems Across 40 Courts

In a bid to enhance safety and security across court premises for judges, lawyers,...

Rethinking Hospital Security: TrioTree Technologies CEO Surjeet Thakur on Securing Fragmented Hospital IT Environments

In an interaction with TechGraph, Surjeet Thakur, Founder and CEO of TrioTree Technologies, outlined...

What the Next Phase of Growth Looks Like for Indian and Global E-commerce Players

For close to a decade, metrics for evaluating the growth of e-commerce included customer...

India Is Building Cities Without Building the Systems That Make Them Work

India is in the middle of the largest urban expansion in its history. By 2050,...

“Budget should focus on reducing taxes on capital gains,” Says Abhishek Gupta of Hex N Bit

Speaking in the upcoming Union Budget 2021, Abhishek Gupta, Founder, and CEO, Hex N...

“China is a Global thief” Rep. Tom Rice on Uyghur Forced Labor Prevention Act

Speaking at the House on Uyghur Forced Labor Prevention Act, Rep. Tom Rice (R-SC)...

Borade AI Founder Shiv Kumar Borade on Building an AI Growth Engine for Small Businesses

Speaking with TechGraph, Shiv Kumar Borade, Founder & CMD of Borade.AI, discussed how many...

When AI-Generated Documentation Hurts More Than Helps

AI-generated documentation has quickly become a selling point for modern SaaS and developer platforms,...

Why Cyber Resilience Is Replacing Cybersecurity as a Boardroom Priority

Traditionally, cybersecurity was hard-wired to be a technology concern that was only taken care...

Alphabet Discloses $2.14 Billion in Public Equity Holdings as of June 30

Alphabet Inc. disclosed $2.14 billion in equity securities held across 39 positions as of...

Gaming for Good: Boosting the Indian Gaming Community through Technology

The Indian gaming industry is transforming remarkably, driven by technological advancement and a growing...

India to generate $100 bn from telephonic investments

India expects to attract $100 billion in investments in the telecom sector, a union...