The central government's provision of INR 1.52 lakh crore for the agri ecosystem and allied sector will push the demand for advanced farm machinery. The farmer demands in India vary as per regional requirements and Sonalika believes that no one tractor fits for all. Thus it makes the biggest tractor range in 20 HP to 120 HP. This customised tractor range boasts of Heavy Duty Mileage (HDM) and CRDS engines, multi speed transmissions and advanced 5G hydraulics that are designed to shape up the future of Indian agriculture, the release added.
Raman Mittal, Joint Managing Director, International Tractors Limited, said, “We are delighted to have surpassed the 50K tractor sales mark in just 4 months to clock an overall YTD July 2024 sales of 51,268 tractors. Our robust approach has enabled us to continue beating domestic industry performance and be among leading market share gainers. Sonalika's in-house production capabilities at World's No. 1 tractor plant includes making heavy duty engines, transmissions, sheet metal et al, allow us to customise tractors as per market & customer’s need thus able to penetrate new markets faster.
Budget 2024 has brought in a revised focus of the central government on the agri ecosystem output and the planned reformative actions should push demand for farm mechanisation moving forward.”
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
