Sonalika to Invest ₹1,000 Crore in Electric Mobility for Global Market Expansion
Modified On Sep 26, 2024 07:17 PM
Sonalika Leads the Way with ₹1,000 Crore Push into Electric Tractors and Urban Mobility Solutions.
To create electric tractors and quadricycles, Sonalika, the biggest tractor exporter from India, is investing Rs 1,000 crore. This action will update the whole farm machinery industry, which has long relied on diesel.
Changing to Electric Tractors to Help the Environment
The goal of Sonalika Tractor is to manufacture electric tractors that reduce pollution and save farmers money. The tractors are a cleaner alternative to diesel tractors and will save fuel expenses."We want to keep improving and moving towards electrification in farm equipment. Whether the plot spans five years or ten, it makes no difference. Raman Mittal, Joint Managing Director of Sonalika Group, stated, "We are dedicated to it.
It is anticipated that these Sonalika electric tractors would be introduced in the next two years. International markets will be the first to be addressed. Sonalika is also developing electric quadricycles, which would offer sustainable urban transportation options.
Electric Tractors: A Better Way for Farmers to Save Money and Boost Productivity
There are other benefits to switching from diesel to electric tractors besides less emissions. Indian farmers can increase output and save money by using electric tractors. The quick torque that electric engines offer is one major benefit over diesel tractors. Raman Mittal declared, "An electric vehicle is perfect for tractors."
He further clarified that electric technology provides the powerful power that tractors require right from the outset. He also stated that Sonalika's development of these electric tractors is currently in the "advanced stages".
Adding Urban Mobility to the Mix
Sonalika appears to have bigger plans ahead of it: in addition to increasing its farming operations, the company wants to get into the production of electric quadricycles, an eco-friendly form of urban transportation. Sonalika's business is about to undergo a significant transition from agriculture to urban mobility.
Sonalika exports to more than 140 countries and currently holds a 13.5% market share in India for tractors. It produces electric vehicles (EVs) at its state-of-the-art manufacturing facilities in Hoshiarpur, Punjab, which are furnished with the newest equipment. In addition to manufacturing parts, these businesses offer their current clientele full service.
Sonalika wants to be in the forefront of environmentally friendly farming and transportation, providing long-term advantages to both city dwellers and farmers.