Moneycontrol PRO
HomeNewsBusinessITL domestic tractor sales up 31% in August at 4,887 units

ITL domestic tractor sales up 31% in August at 4,887 units

The company had sold 3,730 tractors in the same month last year, ITL said in a statement.

September 05, 2017 / 16:19 IST
tractor

International Tractors Ltd (ITL), which sells Sonalika brand of tractors, today reported a 31 per cent increase in domestic sales at 4,887 units in August.

The company had sold 3,730 tractors in the same month last year, ITL said in a statement.

Exports were at 1,170 units compared to 1,008 units in August last year, a growth of 16 per cent, it added.

ITL Executive Director Sonalika Raman Mittal said the company's continuing focus on bringing products "best matched for progressive farmer practices" is helping in its growth and also farmers to increase their income.

"We recently collaborated with Niti Aayog to support the country's objective of doubling farmer income by 2022. Aligned to the company's vision, we are promoting our products to improve farmer yield and productivity," he added.

first published: Sep 5, 2017 04:17 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347