Join our Waitlist for Expert Advice!

Sonalika Records 16.1% Market Share In February Sonalika Tractors clocks new performance with 9,722 overall sales

By entepreneur staff

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company

Sonalika Tractors clocked its highest ever February overall market share of 16.1 per cent and highest market share gain in the industry. This includes a performance of 9,722 overall tractor sales during February 2024 which is 6.2per cent higher than company's FY'23 performance of 9,154 overall tractor sales. The growth has been fuelled by its widest heavy duty tractor range in 20-120 HP.

"We feel happy to have delivered on dynamic Indian agri ecosystem needs for tractors and clocked our highest ever February market share of 16.1% along with highest market share gain in the industry. Maintaining our positive momentum all throughout the month, we have registered 9,722 overall tractor sales clocked in February'24 and have outpaced industry performance as well. Our widest heavy duty tractor range that recently got upgraded with 10 new Tiger tractor models is being highly appreciated and accepted by farmers as it offers a plethora of new superior technologies across engines, transmissions and hydraulics. Supporting farmers in progressing towards a more sustainable future is what drives us forward and we will continue to do so with greater intensity in the future," said Raman Mittal, Joint Managing Director, International Tractors Limited.

With a firm belief of becoming the leading and most reliable tractor brand in every tractor segment, Sonalika recently extended its 'Tiger tractor series' with 10 new models in 40-75 HP range. With its powerful HDM, fuel efficient engines, CRDS technology, precise hydraulics with the efficient multi speed transmissions, the company is partnering with farmers.

Sonalika has already established a 1000-plus channel partner network, and 15,000-plus retail points to stay as close as possible to farmers and help them access modern agri-farming machinery.

Starting a Business

I Wasted So Much Time By Not Doing These 4 Things When I Started My Business

Here's what I've learned by building my business and what I would do differently if I could start over.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Primus Senior Living Secures USD 20 Mn Seed Funding Led by General Catalyst

The funding will be instrumental in developing a comprehensive eldercare platform that integrates healthcare, wellness, lifestyle, and social engagement services—all delivered within the comfort of seniors' homes.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

Can Anyone Beat Microsoft at AI? The CEO of Salesforce Thinks His Company Can.

Salesforce CEO Marc Benioff calls Copilot "the new Microsoft Clippy."

Science & Technology

These Are the 9 Dead Giveaways That AI Wrote This Story

How to spot a bot behind the content you read—everytime.