International Tractors Ltd, maker of Sonalika & Solis, registered growth of 5.8 per cent in exports with sales of 1,595 tractors in February 2020 as compared to 1,507 tractors same period last year.
The company claims to be number one in tractor exporter with cumulative volume growth of 7.2 per cent and market share gain of 4.7 per cent (23.5 per cent MS) for the period Yield To Maturity (YTM) FY’20.
Managing director, Sonalika Group, Deepak Mittal said, ‘Farming challenges need market specific solutions. Farming is under pressure to produce more but does not have the freedom to do so. Poor Labour productivity is one mainline problem of the Farming other than the challenges like land productivity and irrigation water.’
He added, ‘Being a farmer centric brand, we continue to remain focused on our vision to lead the Agri evolution globally. We are continuously working to offer best possible farming solutions to address these concerns and enhance farmer’s prosperity. It’s my delight that we continue to be the number one tractor exporter and I appreciate the trust shown by our customers across globe in our technologically advanced heavy duty tractors.’