New Delhi: India’s youngest tractor brand, International Tractors Limited (ITL), makers of Sonalika tractors, which has built the World’s No 1 integrated tractor manufacturing plant in Hoshiarpur, recorded domestic sales of 6039 units in the month of January as against 4172 units same period last year, registering 45% growth with all regions contributing significantly, while strengthening footprints in southern markets. The export volume for the month stood at 735 units.
The company performed well in the first month of the year and the union budget announced reinforces how the agriculture segment is going to grow and benefit in FY 18-19.
Commenting on the same, Mr. Raman Mittal, Executive Director Sonalika ITL stated, “The Union Budget 2018-19’s strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector’s growth. We also appreciate the budget’s focus on increasing farmer’s income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.
Sonalika has always focused in offering customized farming solutions leading to enhanced productivity. We are amongst the few selected brands partnering Niti Aayog’s – Champion’s of Change to contribute in the strategy for doubling farmer’s income.
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Government delivers the new £10m fund to plant over 130,000 urban trees
FTC Approves Final Consent Order against UrthBox, Inc. and its Principal Related to Compensated Online Reviews and “Free” Trial Offer
International Competition Network Adopts Framework for Competition Agency Procedures
Eye care for kids while swimming
Mandana Karimi has riled up a storm on the web and its no new story
2014 The Global Indian New Network (TGINN)