International Tractors Ltd under brand name Sonalika sold 6,039 tractors in the month of January 2018 against 4,172 units for the same period last year. This is a growth of 45 percent. Company made a good footprints in south Indian markets.
Company also sold 735 units in January month in export markets.Sonalika made a good start in the beginning of the month. Further favourable Union budget will help growth of agriculture sector.
Commenting on the same, Raman Mittal, executive director, Sonalika ITL, stated, “The Union Budget 2018-19's strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector's growth.”
“We also appreciate the Budget’s focus on increasing farmer’s income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.”
Sonalika has always focused in offering customized farming solutions leading to enhanced productivity. We are amongst the few selected brands partnering Niti Aayog’s - Champion’s of Change to contribute in the strategy for doubling farmer’s income.