December 4, 2020

Punjab-based Sonalika’s tractor gross sales soar 46% to 17,704 models in September



Mumbai: Sonalika Tractors has reported a 46 per cent year-on-year soar in total tractor gross sales to 17,704 models, together with exports, for September, in accordance with a launch. Whereas home gross sales grew 51.four per cent to 16,000 models in September 2020 as in contrast with 10,571 models within the year-ago month, exports rose 9.eight per cent to 1,704 models as towards 1,552 models a 12 months in the past, the agency stated within the launch on Friday.

The Hoshiarpur-based tractor producer additionally bought 6,400 models of implements through the month, registering a 135 per cent development over September 2019, it added.

The trade gross sales development for each tractors and implements through the earlier month stood at 28 per cent and 30 per cent, respectively. “Sonalika Tractors outperformed the trade in gross sales throughout September,” it added.

The cumulative tractor gross sales within the first half (April-September) of the monetary 12 months 2020-21 stood at 63,561 tractors, which was the highest-ever half yearly gross sales for the corporate, it stated.

Moreover, with 26,530 models of implements bought in April-September 2020, it crossed 2019-20 gross sales in simply six months, the corporate stated.

“We at Sonalika have registered 17,704 total tractor gross sales in September 2020, breaking all our earlier month-to-month information and marking the highest-ever gross sales in a month,” stated Sonalika Group Government Director Raman Mittal.

He added that the corporate’s cumulative gross sales throughout April-September 2020 stood at 63,561 tractors, which can also be the highest-ever half-yearly tractor gross sales.

Mittal stated the lately lauched next-gen merchandise — Tiger, Sikander DLX, Mahabali and Chattrapati — have contributed considerably in Sonalika Tractors’ phenomenal development through the pre-season time and even through the pandemic.

“We’re buoyant in regards to the upcoming festive season and anticipate the farmer’s sentiments to stay constructive,” Mittal added.