With a relentless focus on modernising agricultural practices and empowering farmers in 150+ countries, the company has continuously pushed boundaries to redefine excellence in the tractor industry. Sonalika Tractors achieved its highest-ever monthly overall market share of 18% in December 2024, exceeding industry growth by an estimated 2.4 times. This accomplishment was fueled by a 33% year-over-year sales increase, with 10,639 tractors sold compared to 7,999 in December 2023. The company's year-to-date sales from April to December 2024 reached 119,369 tractors.
Sonalika's December 2024 market share of 18% represents a significant milestone in the company's history. The 33% growth in sales demonstrates strong demand for its tractors, significantly outpacing the overall industry's growth. This achievement builds on Sonalika's success in the 2024 fiscal year and sets a positive trajectory for 2025.
With a relentless focus on modernising agricultural practices and empowering farmers in 150+ countries, the company has continuously pushed boundaries to redefine excellence in the tractor industry. From expanding its heavy duty tractor portfolio as per farmer’s crop and soil needs, to enhancing its service network, staying as close as possible to customers, Sonalika has consistently positioned itself as a trusted partner in the journey toward agricultural prosperity, the company said in a media release.
Raman Mittal, Joint Managing Director of International Tractors Limited, said, ‘With every tractor, we reinforce our commitment to plant the seeds of growth, resilience and hope for our farming community. The new milestone of highest ever monthly market share of 18% in Dec’24 has been a perfect culmination of a year brimming with benchmark performance and new milestones."
"With 33% growth during the month, we have beaten industry growth by 2.4X. Over and above this exciting journey, our greatest reward lies in spearheading farmers toward a brighter and more prosperous tomorrow. With our robust portfolio of heavy-duty tractors, we are poised to seize every new opportunity in the New Year 2025 and are committed to delivering on farmer expectations and driving agricultural prosperity. Wishing you all a brighter and successful New Year 2025," he added.
