Sonalika Tractors has reinforced its FY’23 registering a dynamic performance clocking its highest ever May overall tractor sales of 12,615 units, recording a growth of 42.1 per cent growth over the 8,878 tractor sales recorded in May’21 as the demand for advanced tractors continues to see an uptick across the industry. During the month, the company introduced two new tractors, Sonalika Sikander RX 50 with 12 F + 3R transmission, for Madhya Pradesh farmers, and Sonalika MM 18 Narrow Track for Gujarat farmers.
Raman Mittal, Joint MD, ITL, said, “It feels invigorating as all our concerted efforts have resulted in another electrifying performance by Sonalika in May’22. With a record 42.1% growth, we have registered our highest ever May sales of 12,615 tractors. Sonalika truly believes in addressing specific farmer requirements and delivering dynamic tractor performance and affordability for farmers’ peace of mind.”
The improved numbers in May 2022 were aided by a consistent increase in MSP by the government, improved rabi crop procurement, and the timely arrival of monsoon in the country. Mittal added, “Favourable factors such as a consistent increase in MSP by government, improved rabi crop procurement and now the timely arrival of monsoon in the country will set up a viable platform for agriculture activities to flourish in FY’23.”