Sonalika on the annual FY21 reports and recorded the annual sales of 1,39,526 units.
It has been marked that the company has recorded the highest growth rate of 41.6% against FY20 for the last year.. It has shown the highest record which is remarkable. The company has grown the highest margin rate of 26.7%.
The company also focused on selling the highest number of rotavator at 50,000 units in FY 21 that is double against FY 20.
It can also be said that Sonalika has sold 13,093 tractors in March and registered the growth against March 2020.
Deepak Mittal, managing director, Sonalika Group, said, “We have become the first Indian tractor company to cross 22,000 tractor exports in a single year. This success is credited to the committed team along with our distributors, dealers, financiers and loyal customers who stayed connected and performed in the markets under the adverse conditions without much travel or physical connection. We are proud of our market leadership in 6 countries and close second in another 5.”
Additionally he added that, “Our plans were not deterred by the external unforeseen situations as we have always remained consistent with our approach to grow and serve our customers. Our innate ability to re-engineer our approach across all business functions powered us to come out as a clear winner month after month, throughout the year.”
Sonalika is famous for producing the heavy range of tractors with powerful engines ranging from 20 HP -120 HP and other farm implements at more than 70 plus implements and farm machines.