March 4, 2021

Sonalika Tractors gross sales develop 47.8 % to 15,200 items in June



New Delhi: Sonalika Tractors on Thursday reported 47.Eight per cent improve in its whole tractor gross sales at 15,200 items in June. The corporate had offered 10,286 items in the identical month final yr, Sonali Tractors stated in a press release.

Home gross sales had been at 13,691 items as towards 8,827 items in June final yr, a progress of 55.1 per cent, it stated.

Exports in the course of the month stood at 1,509 items as in comparison with 1,459 items, up 3.four per cent, the corporate stated.

Commenting on the gross sales efficiency, Sonalika Group Govt Director Raman Mittal stated the corporate’s funding within the vertical built-in manufacturing unit helped it to ramp up manufacturing inside a really brief span of lockdown rest.

“We had already reached 80 per cent utilisation within the fourth week of Could itself and in June we continued to function at optimum degree,” he stated.

He additional stated the corporate had “a collection of latest merchandise that had been launched throughout this era, which have helped the farmers immensely to extend their productiveness, reflecting in quantity achieve for our tractors.”

On the outlook, he stated tractor demand and farmers’ sentiments have picked up on account of assorted conducive components like authorities initiatives together with improve within the minimal assist value, beneficial monsoons and bumper sowing of summer time crops.

“The farmers are proud of the cash of their palms on account of a superb rabi harvest.This constructive sentiments are anticipated to proceed and we’re effectively positioned to achieve from the identical,” Mittal stated.