Sonalika Tractors recently reported sales growth in its domestic market of 42%, for an annual sales volume of 139,526 tractors in its fiscal year 2021. According to a recent report from Economic Times, this surpasses the industry's growth of 27%.
"We have surpassed industry growth by a significant margin amidst the most challenging year, a testimony that we have laid a strong foundation to remain closely knitted with our farmers," said Raman Mittal, executive director, Sonalika. Mittal added that Sonalika achieved this growth through its widening distribution network and new launches.
Sonalika also reported market share growth, rising from 12.9% to 14% in its fiscal year 2021. The report stated that "experts say Sonalika has widened its channel networks at a pace faster than ever before...thereby strengthening its national presence."