Good monsoon likely to raise tractor demand : Sonalika

The setting in of a good monsoon this year is likely to boost the demand for tractors in the domestic sector, a senior official of Sonalika International Tractors said here today.

"The situation has started improving because this year we are having good rainfall. We are expecting a growth of 10 percent, said Sonalika's sales and marketing president R K Singh.

"Last year the industry saw a downfall of approximately 9 percent but we maintained our market share," he said.

Sonalika's market share in exports for the first quarter is 13.7 percent which was 13 percent last year in the same period, Singh said.

When it comes to the domestic market, the company has sold 18,725 tractors as compared to 17,689 tractors of same period last year.

In West Bengal, it has sold 819 units in this quarter witnessing a growth of 45 percent in the state, he said.

"The company has recorded a sales growth of 5.9 percent in domestic market. And 0.7 percent growth in market share in exports," he said.