Sonalika Tractors Reaches A Record 18% Market Share, Growth By 33% In December 2024

Sonalika's 18% market share as of December 2024 marks a critical turning point in the business's history.

Strong demand for Sonalika tractors is demonstrated by the 33% increase in sales, which greatly exceeds the growth of the industry as a whole. This accomplishment creates a favourable path for 2025 and builds on Sonalika's success in the fiscal year 2024.

In December 2024, Sonalika Tractors surpassed industry growth by an estimated 2.4 times and reached its highest-ever monthly overall market share of 18%. With 10,639 tractors sold as opposed to 7,999 in December 2023, a 33% year-over-year rise in sales drove this achievement. From April to December 2024, the corporation sold 119,369 tractors so far this year.

Sonalika's 18% market share as of December 2024 marks a critical turning point in the business's history. Strong demand for its tractors is demonstrated by the 33% increase in sales, which greatly exceeds the growth of the industry as a whole. This accomplishment creates a favourable path for 2025 and builds on Sonalika's success in the fiscal year 2024.

The company has consistently pushed boundaries to redefine excellence in the tractor sector, with a constant focus on modernising agricultural techniques and enabling farmers in more than 150 nations. According to a press release from the company, Sonalika has continuously established itself as a reliable partner in the path to agricultural success by growing its line of heavy-duty tractors in accordance with farmers' crop and soil requirements, improving its service network, and remaining as close to customers as feasible.

"With each tractor, we reaffirm our dedication to sowing the seeds of growth, resilience, and hope for our farming community," stated Raman Mittal, Joint Managing Director of International Tractors Limited. The year was full of benchmark performance and new milestones, and the new milestone of the highest ever monthly market share of 18% on December 24 was the ideal way to cap it off."

About Sonalika Tractor

At the moment, Sonalika Tractors is India's top tractor export brand. It proudly ranks among the top 5 tractor producers worldwide and is the third-largest tractor manufacturer in the nation. The company, which was founded in 1996 with a primary emphasis on farmer centricity, produces specialised tractors and implements that are created in accordance with the needs of farmers in different regions and for different applications. Sonalika is pleased to have been listed among the Fortune 500 India 2024 Largest Companies, which is evidence of the company's history of providing quality, innovation, and long-term success.