Sonalika Tractors

Sonalika Tractors
Company typePrivate
IndustryAgricultural machinery
Founded1995; 29 years ago (1995)
FounderLachhman Das Mittal
Headquarters
Hoshiarpur, Punjab
,
India
Area served
Worldwide
Key people
Amrit Sagar Mittal (VC)
Deepak Mittal (MD)
ProductsTractors
ParentSonalika Group
Websitesonalika.com
Sonalika DI-47 RX Tractor

Sonalika Tractors is an Indian agricultural machinery manufacturer. The company was founded in 1995 in Punjab, India.[1] It is the 3rd largest manufacturer of tractors in India, with the capacity to produce 3.00,000 tractors a year, as of June 2017. The company has become the No.1 company in exports from India selling 35,000 tractors in FY 2021-2022 and is active in 150+ countries.[2] It manufactures tractors ranging from 20 HP to 125 HP.[3][4] The company is operated by International Tractors Limited,[5] the flagship firm of Sonalika Group.[1][6]

Sonalika Tractors holds about 11.7%[7][8] market share of the Indian tractor industry. Sonalika Group owns a 70 per cent stake in the company while Japanese diesel engine manufacturer, Yanmar hold 30 per cent stake.[9] It was selected for the 'Champions of Change' 2017 programme organised by Niti Aayog.[10]

  1. ^ a b Cite error: The named reference forbes was invoked but never defined (see the help page).
  2. ^ Modi, Ajay (June 15, 2017). "Sonalika scales capacity to produce 300,000 tractors". Business Standard.
  3. ^ Sen Gupta, Nandini. "Yanmar Sonalika to make tractors for US". The Times of India.
  4. ^ Mukherjee, Sharmistha (April 5, 2017). "Sonalika Tractors sales up 19.6% in FY17". The Economic Times.
  5. ^ Panday, Amit (3 Jun 2020). "International Tractors report 19% growth in May sales". Livemint.
  6. ^ Raghunathan, Anu (September 23, 2015). "84-Year-Old Indian Tractor Tycoon Wants To Triple Revenues By 2020". Forbes.
  7. ^ Balachandar, G (May 8, 2020). "Amid volume decline in FY20, higher HP tractors stay in top gear". The Hindu Business Line.
  8. ^ Banerjee, Avishek (May 24, 2017). "Sonalika Tractors Might Introduce Solis 120 In Domestic Market Soon". BusinessWorld.
  9. ^ Cite error: The named reference yanmar was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference bw was invoked but never defined (see the help page).