Mumbai, September 1
Sonalika Tractors on Tuesday reported a 59 per cent leap in its whole gross sales to 10,206 items in August as in comparison with 6,412 tractors offered within the year-ago interval.
Sonalika Tractor beat its gross sales document in July, registering the highest-ever home progress of 80 per cent within the earlier month with 8,205 tractors as in comparison with 4,560 gross sales in the identical interval final 12 months, the corporate mentioned in a launch.
The whole gross sales, together with exports, stood at 10,206 tractors in August as in comparison with 6,412 tractors in the identical interval final 12 months, it mentioned.
“There is an upsurge in demand for tractors and we have been able to meet this growing demand. In August, we have recorded highest-ever domestic growth of 80 per cent with overall sales at 10,206 tractors, making it fourth consecutive month for us to have achieved a new record high and beating estimated industry growth of 73 per cent,” mentioned Raman Mittal, Executive Director, Sonalika Group.
The cumulative progress throughout April-August was 27.1 per cent, which is highest in all the tractor business, serving to Sonalika Tractors safe high place within the home progress, he mentioned.
Mittal mentioned demand was anticipated to stay wholesome, owing to greater Kharif sowing and good monsoons coupled with rising desire of farmers in the direction of mechanisation, including, the corporate was equipped for the upcoming festive season, which normally contributes 40 to 45 per cent of general volumes.
“External conducive factors clubbed with our healthy national brand presence, strong dealer network and depots along with right tractor models customised for state or applications and a vertically integrated plant, we are well-positioned to capitalise on the positive sentiments and continue our growth momentum by outpacing industry growth,” Mittal mentioned.
Sonalika Tractors has 24 deports and a community of 983 sellers pan-India.
Farmers are majorly oriented in the direction of application-based farming and there was an elevated demand for customised tractors to handle the specialised wants, the corporate mentioned.
Along with the demand for tractors, there’s an elevated demand for specialised implements as nicely, it added. PTI